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HomeMy WebLinkAboutAgenda - Agenda Packets - Regular Meeting 9/4/2018 AGENDA CITY COUNCIL - REGULAR MEETING TUESDAY, SEPTEMBER 4, 2018 5:30 PM CLOSED SESSION 6:30 PM OPEN SESSION COMMUNITY CENTER 625 S. PICO AVENUE SAN JACINTO, CA 92583 951-487-7339 City of San Jacinto Page 1 Updated 8/30/2018 4:33 PM CRYSTAL RUIZ, MAYOR RUSS UTZ, MAYOR PRO TEM ANDREW KOTYUK, COUNCILMEMBER ALONSO LEDEZMA, COUNCILMEMBER SCOTT MILLER, COUNCILMEMBER 1. ORGANIZATION 1.1. Public Comments on Closed Session Items 1.2. Closed Session 1.2.1. CONFERENCE WITH REAL PROPERTY NEGOTIATORS (Gov. Code Section 54956.8) Real Property: Carry-over groundwater credits held by San Jacinto pursuant to the Stipulated Judgment entered in EMWD v. City of Hemet et.al Agency Negotiators: Robert A. Johnson, City Manager Michael J. Maurer, City Attorney, Negotiating Parties: Eastern Municipal Water District Under Negotiation: Price and Terms 1.2.2. CONFERENCE WITH LEGAL COUNSEL: Existing litigation pursuant to Government Code section 54956.9(d)(1), 2 Cases: City of San Jacinto v. Mechammil, et al. Riverside Sup. Co. case nos. RIC1802676 and 1808164 1.2.3. CONFERENCE WITH REAL PROPERTY NEGOTIATORS (Gov. Code Section 54956.8) APN: 437-056-001 and 437-055-005, -006, -007, -008 and 009 Agency Negotiators: Robert A. Johnson, City Manager, Michael J. Maurer, City Attorney, Negotiating Parties: Camilo Primero Under Negotiation: Price and Terms City of San Jacinto Page 2 Updated 8/30/2018 4:33 PM 1.3. Closed Session Report 1.4. Roll Call 1.5. Invocation - Gwen Lute, Community Church of Christ 1.6. Pledge of Allegiance - Mayor Pro Tem Russ Utz 1.7. Mayor / Council Member Reports / Discussions 1.8. Late Items 2. PUBLIC COMMENTS 3. JOINT CONSENT CALENDARS 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 City Council Meeting of August 8, 2018 RECOMMENDATION: Staff recommends that the City Council approve the draft minutes of the August 8, 2018 City Council meeting. Department: City Clerk 3.A.3. Treasurer’s Report at July 31, 2018 RECOMMENDATION: Receive and File Treasurer’s Report for the month ending July 31, 2018. Department: Finance 3.A.4. Warrants and Disbursements – July 2018 RECOMMENDATION: Staff recommends that the City Council review and approve Warrants and Disbursements for the period of July 1 - 31, 2018 in the amount of $ 5,971,484.25. Department: Finance 3.A.5. Support Letter for AB3178 (Addressing Global Recycling Market Failure) RECOMMENDATION: Staff requests that the City Council approve a letter of support for AB 3178 and authorize the Mayor to sign the letter on behalf of the City. Department: City Manager City of San Jacinto Page 3 Updated 8/30/2018 4:33 PM 3.B. Consent Calendar - Successor Agency to the Redevelopment Agency of the City of San Jacinto 4. PUBLIC HEARING 4.1. CFD 2018-1 Public Hearing and Election RECOMMENDATION: Staff recommends that the City Council: 1) Adopt Resolution No. 3733, A Resolution Of Formation Of Community Facilities District; 2) Adopt Resolution No. 3734, A Resolution Calling A Special Landowner Election For Community Facilities District; 3) Adopt Resolution No. 3735, A Resolution Declaring Results Of Special Landowner Election And Directing Recording Of Notice Of Special Tax Lien; and 4) Introduce Ordinance No. 18-06 For First Reading, An Ordinance Authorizing The Levy Of Special Tax Within Community Facilities District. Department: Finance 4.2. CFD 2003-1 Public Hearing and Election RECOMMENDATION: Staff recommends the City Council hold the public hearing, correct any minor defects in the proceedings and adopt the Resolution of the City Council of San Jacinto Authorizing the Annexation of Territory to Community Facilities District No. 2003-1, Authorizing the Levy of a Special Tax and Submitting Levy of Special Tax to Qualified Electors. After the public hearing the City Council conduct the special election and adopt the Resolution of the City Council of the City of San Jacinto Declaring the Results of a Special Annexation Landowner Election and Directing the Recording of an Amended Notice of Special Tax Lien. Department: Finance 5. DISCUSSION ITEMS 5.1. Statement of Investment Policy RECOMMENDATION: Staff recommends Council approve the revised Statement of Investment Policy and adopt Resolution No. 3732. Department: Finance 5.2. Investment Portfolio Review with Advisors RECOMMENDATION: Receive and File. Department: Finance 6. CITY MANAGER UPDATE City of San Jacinto Page 4 Updated 8/30/2018 4:33 PM 7. FUTURE REQUESTS FROM CITY COUNCIL TO STAFF 8. ADJOURNMENT 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, Angela Walton, City Clerk of the City of San Jacinto, do hereby certify that I caused to be posted the foregoing agenda this 30th day of August, 2018 as requested by law. Angela Walton, City Clerk September 4, 2018 TO: City Council REQUESTED BY: Angela Walton, City Clerk APPROVED BY: Robert A. Johnson, City Manager SUBJECT: Minutes of City Council Meeting of August 8, 2018 RECOMMENDATION: Staff recommends that the City Council approve the draft minutes of the August 8, 2018 City Council meeting. ATTACHMENTS: 8-8-18 Regular Action Minutes DRAFT 3.A.2 Packet Pg. 5 1 ACTION MINUTES CITY COUNCIL – REGULAR MEETING TUESDAY, AUGUST 8, 2018 5:30 PM CLOSED SESSION 6:30 PM OPEN SESSION SAN JACINTO COMMUNITY CENTER 625 S. PICO AVE SAN JACINTO, CA 92583 951-487-7339 1. ORGANIZATION Mayor Crystal Ruiz called the meeting to order at 5:30 p.m. 1.1 Public Comments on Closed Session Items Attorney Seth Merewitz announced the case number for Item 1.2.1 which was not known and posted at the time the agenda was prepared. The case number is RIC1815910. Mayor Ruiz adjourned the Regular meeting to Closed Session at 5:31 p.m. 1.2 Closed Session 1.2.1. CONFERENCE WITH LEGAL COUNSEL: Existing litigation pursuant to Government Code sections 54956.9(d)(1), People of the State of California et al. v. Holy Ministry of the Blessed Sacrament et al., (Riverside County Superior Court, case number to be announced if assigned by meeting time) 1.2.2. CONFERENCE WITH REAL PROPERTY NEGOTIATORS (Gov. Code Section 54956.8), Address: 1157 S. State Street, Agenc y Negotiators: Robert A. Johnson, City Manager, Michael J. Maurer, City Attorney, Negotiating Parties: Markar Famil y Trust, Under Negotiation: Price and Terms Mayor Ruiz called the Regular meeting to order at 6:30 p.m. 1.3 Closed Session Report Attorney Seth Merewitz stated there was no report from Closed Session. CRYSTAL RUIZ, MAYOR RUSS UTZ, MAYOR PRO TEM ANDREW KOTYUK, COUNCILMEMBER ALONSO LEDEZMA COUNCILMEMBER SCOTT MILLER, COUNCILMEMBER 3.A.2.a Packet Pg. 6 Attachment: 8-8-18 Regular Action Minutes DRAFT (Minutes of City Council Meeting of August 8, 2018) 2 1.4 Roll Call City Clerk Angela Walton conducted the roll call: Present: Kotyuk, Ledezma, Utz, Ruiz Absent: Miller M/S/C (Ledezma/Ruiz) moved to approve the absence of Councilman Miller. Motion carried 3/1. Ayes: Kotyuk, Ledezma, Ruiz Nays: Utz Absent: Miller Abstain: None 1.5 Invocation Pastor Roy Ryder of 412 Church gave the invocation. 1.6 Pledge of Allegiance Councilman Alonso Ledezma led the Pledge of Allegiance. 1.7 Mayor/Council Member Reports / Discussions Councilmembers provided their reports. 1.8 Late Items There were no late items. 2. PUBLIC COMMENTS Public Speakers:  Tina Shouse  Beth Shouse 3. JOINT CONSENT CALENDARS 3.A City Council 3.A.1. Waiver of Full Reading of Ordinance(s), and Reading b y Title Only 3.A.2. Draft Minutes of the July 17, 2018 Regular City Council Meeting 3.A.2.a Packet Pg. 7 Attachment: 8-8-18 Regular Action Minutes DRAFT (Minutes of City Council Meeting of August 8, 2018) 3 3.A.3. Treasurer’s Report at June 30, 2018 3.A.4. Approve Amendment No. 1 Extending the Lake Elsinore and Canyon Lake TMDL Task Force Agreement Term 3.A.5. Subdivision Agreement Amendment No. 1 Tract 28224-1 3.B Consent Calendar – Successor Agency to the Redevelopment Agency of the City of San Jacinto Item 3.A.4 was pulled from the Consent Calendar for discussion by Councilman Kotyuk. M/S/C (Ledezma/Utz) moved to approve the Balance of the Consent Calendar. Motion carried 4/0. Ayes: Kotyuk, Ledezma, Ruiz, Utz Nays: None Absent: Miller Abstain: None 3.A.4 Approve Amendment No. 1 Extending the Lake Elsinore and Canyon Lake TMDL Task Force Agreement Term Streets/Parks Superintendent Andy Ramirez responded to Councilman Kotyuk’s concerns and questions regarding Item 3.A.4. M/S/C (Kotyuk/Utz) moved to approve the Amendment No. 1 Extending the Lake Elsinore and Canyon Lake TMDL Task Force Agreement Term. Motion carried 4/0. Ayes: Kotyuk, Ledezma, Ruiz, Utz Nays: None Absent: Miller Abstain: None 4. DISCUSSION ITEMS City Engineer Habib Motlagh gave a brief report and PowerPoint presentation regarding the 2018 Downtown Pavement Rehabilitation Project. M/S/C (Ledezma/Utz) moved to approve 2018 Downtown Pavement Rehabilitation Project. Motion carried 4/0. Ayes: Kotyuk, Ledezma, Utz, Ruiz Nays: None Absent: Miller Abstain: None 4.1. 2018 Downtown Pavement Rehabilitation Project 3.A.2.a Packet Pg. 8 Attachment: 8-8-18 Regular Action Minutes DRAFT (Minutes of City Council Meeting of August 8, 2018) 4 5. CITY MANAGER UPDATE City Manager Johnson gave updates and a brief presentation on the following:  Community Development  Code Enforcement  Street Maintenance  Economic Development  Go Human Project  Kool August Nights  ATP Cycle 2 Update City Manager Johnson asked the City Engineer Motlagh to introduce the presentation on the ATP Cycle Program. City Engineer Motlagh introduced Grace Alvarez with Tri-Lake Consultants. Ms. Alvarez provided an overview of the program with a brief PowerPoint presentation. 6. FUTURE REQUESTS FROM CITY COUNCIL TO STAFF  Councilman Kotyuk asked for updates on Cawston and Mid-County Parkway as the Cranston fire has done a great deal of damage and the authorities said there was a possibility of Hwy 74 being closed in the winter.  Mayor Pro Tem Utz commented that he has been receiving interest in the city developing a program similar to the Adopt-a-Highway program. It was suggested that an adopt a local street program be developed with help from local volunteers.  Mayor Ruiz asked for an update on homeless issues. 7. ADJOURNMENT With no further business before the City Council, Mayor Ruiz adjourned the Regular Meeting of the City Council at 7:39 p.m. CITY OF SAN JACINTO: ____________________ Crystal Ruiz, Mayor ATTEST: ________________________ Angela Walton, City Clerk Approved as read: ____ Approved as amended: ____ 3.A.2.a Packet Pg. 9 Attachment: 8-8-18 Regular Action Minutes DRAFT (Minutes of City Council Meeting of August 8, 2018) September 4, 2018 TO: City Council REQUESTED BY: Tom Prill, Finance Director APPROVED BY: Robert A. Johnson, City Manager SUBJECT: Treasurer’s Report at July 31, 2018 RECOMMENDATION: Receive and File Treasurer’s Report for the month ending July 31, 2018. 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 7.66% during the month. This includes cash, cash in bank and cash with trustee. The attached Treasurer’s report is a “snapshot” report of our cash position on the last day of the month in all of our 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: 2018-19 July Treasurers Report 3.A.3 Packet Pg. 10 3.A.3.aPacket Pg. 11Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) 3.A.3.aPacket Pg. 12Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) - 0.500 1.000 1.500 2.000 2.500 8/159/1510/1511/1512/151/162/163/164/165/166/167/168/169/1610/1611/1612/161/172/173/174/175/176/177/178/179/1710/1711/1712/171/182/183/184/185/186/187/18Interest Rates - 8/15 to 7/18 LAIF LAMMA-BoH MMA-Rabo PIMMA-Rabo Chandler BLX / PTA 3.A.3.a Packet Pg. 13 Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) Monthly Account Statement (503) 464-3685 Christopher Isles US Bank CustodianChandler Team For questions about your account, please call (800) 317-4747 or Email operations@chandlerasset.com City of San Jacinto July 1, 2018 through July 31, 2018 Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. 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. 6225 Lusk Boulevard | San Diego, CA 92121 | Phone 800.317.4747 | Fax 858.546.3741 | www.chandlerasset.com 3.A.3.a Packet Pg. 14 Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) ACCOUNT SUMMARY Beg. Values as of 6/30/18 End Values as of 7/31/18 Market Value 10,330,094 10,342,237 Accrued Interest 41,529 38,964 Total Market Value 10,371,624 10,381,201 Income Earned 14,861 15,329 Cont/WD -969 Par 10,499,402 10,515,976 Book Value 10,469,845 10,486,771 Cost Value 10,476,116 10,492,743 TOP ISSUERS Issuer % Portfolio Government of United States 23.8 % Federal Home Loan Mortgage Corp 14.4 % Federal Home Loan Bank 14.4 % Federal National Mortgage Assoc 10.6 % Federal Farm Credit Bank 4.9 % Toyota ABS 2.4 % John Deere ABS 2.1 % Wal-Mart Stores 1.9 % 74.6 % PORTFOLIO CHARACTERISTICS Average Duration 1.68 Average Coupon 1.68 % Average Purchase YTM 1.77 % Average Market YTM 2.65 % Average S&P/Moody Rating AA+/Aa1 Average Final Maturity 1.83 yrs Average Life 1.74 yrs CREDIT QUALITY (S&P)MATURITY DISTRIBUTIONSECTOR ALLOCATION PERFORMANCE REVIEW Total Rate of Return Current Latest Year Annualized Since As of 7/31/2018 Month 3 Months To Date 1 Yr 3 Yrs 5 Yrs 10 Yrs 6/30/2012 6/30/2012 City of San Jacinto 0.10 %0.47 %0.26 %0.21 %0.73 %0.78 %N/A 0.73 %4.52 % ICE BAML 1-3 Yr US Treasury Index 0.00 %0.37 %0.09 %-0.14 %0.41 %0.55 %N/A 0.53 %3.28 % ICE BAML 1-3 Yr US Corp/Govt Rated AAA-A Index 0.04 %0.42 %0.15 %0.00 %0.60 %0.72 %N/A 0.74 %4.56 % Portfolio Summary As of 7/31/2018 City of San Jacinto Account #10167 Execution Time: 8/1/2018 10:08:04 PMChandler Asset Management - CONFIDENTIAL Page 1 3.A.3.a Packet Pg. 15 Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) Category Standard CommentLocal Agency Bonds BBB rated equivalent by a NRSRO; 5% max issuer CompliesTreasury Issues No Limitation CompliesAgency Issues No Limitation CompliesBanker’s Acceptances 40% maximum; <180 days maturity; A-1 rated equivalent by at least two NRSROs; "A" rated or better by two NRSROs on long-term debtComplies Commercial Paper 25% maximum; <270 days maturity; A-1 rated equivalent by at least two NRSROs; "A" rated or better by two NRSROs on long-term debtCompliesNegotiable Certificates of Deposit 30% maximum; A rated equivalent by at least two NRSROs; A-1, or equivalent short term rating by two NRSROsComplies Federally Insured Certificates of Deposit (CDs)/ Time Deposit (TDs)20% maximum (combined FDIC insured and collateralized TD/ CD)Complies Collateralized Certificates of Deposit (CDs)/Time Deposit (TDs)/ 20% maximum (combined FDIC and collateralized TD/ CD); A-1, or equivalent by 2 NRSROs; "A" rated or better by two NRSROs, if long-term debtComplies Medium Term Notes 30% maximum; "A" rated or better by at least two NRSROs Complies Money Market Mutual Funds 20% maximum; AAA rated by at least two NRSROs CompliesMortgage Pass-throughs, Asset Backed Securities20% maximum; AA-rated issue; A-rated issuer Complies Local Agency Investment Fund - LAIF Currently not used by investment adviser CompliesProhibited Securities Inverse floaters; Ranges notes, Interest-only strips from mortgaged backed securities; Zero interest accrual securities; Reverse repurchase agreementsCompliesIssuer Maximum 5% per issuer for all non-government issuers CompliesMaximum maturity 5 years Complies City of San JacintoJuly 31, 2018COMPLIANCE WITH INVESTMENT POLICY Assets managed by Chandler Asset Management are in full compliance with state law and with the City's investment policy.3.A.3.aPacket Pg. 16Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) BOOK VALUE RECONCILIATION Beginning Book Value $10,469,844.74 Acquisition + Security Purchases $299,440.72 + Money Market Fund Purchases $244,897.54 + Money Market Contributions $0.00 + Security Contributions $0.00 + Security Transfers $0.00 Total Acquisitions $544,338.26 Dispositions - Security Sales $0.00 - Money Market Fund Sales $299,750.93 - MMF Withdrawals $968.52 - Security Withdrawals $0.00 - Security Transfers $0.00 - Other Dispositions $0.00 - Maturites $200,000.00 - Calls $0.00 - Principal Paydowns $27,604.14 Total Dispositions $528,323.59 Amortization/Accretion +/- Net Accretion $911.96 $911.96 Gain/Loss on Dispositions +/- Realized Gain/Loss $0.00 $0.00 Ending Book Value $10,486,771.37 CASH TRANSACTION SUMMARY BEGINNING BALANCE $156,686.39 Acquisition Contributions $0.00 Security Sale Proceeds $0.00 Accrued Interest Received $0.00 Interest Received $17,168.19 Dividend Received $125.21 Principal on Maturities $200,000.00 Interest on Maturities $0.00 Calls/Redemption (Principal)$0.00 Interest from Calls/Redemption $0.00 Principal Paydown $27,604.14 Total Acquisitions $244,897.54 Disposition Withdrawals $968.52 Security Purchase $299,440.72 Accrued Interest Paid $310.21 Total Dispositions $300,719.45 Ending Book Value $100,864.48 Reconciliation Summary As of 7/31/2018 City of San Jacinto California Account #10167 Execution Time: 8/1/2018 10:08:04 PMChandler Asset Management - CONFIDENTIAL Page 3 3.A.3.a Packet Pg. 17 Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) Holdings Report As of 7/31/18 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 43814PAB6 Honda Auto Receivables Owner T 17-3 A2 1.57% Due 1/21/2020 41,362.95 09/25/2017 1.58 % 41,359.28 41,360.61 99.63 2.61 % 41,211.15 23.45 0.40 % (149.46) NR / AAA AAA 1.48 0.35 43814QAC2 Honda Auto Receivables 2016-2 A3 1.39% Due 4/15/2020 37,995.56 04/26/2017 1.72 % 37,813.00 37,890.25 99.54 2.60 % 37,820.17 23.47 0.36 % (70.08) Aaa / NR AAA 1.71 0.38 47788MAC4 John Deere Owner Trust 2016-A A3 1.36% Due 4/15/2020 116,102.31 Various 1.56 % 115,886.71 115,962.44 99.59 2.59 % 115,630.82 70.18 1.11 % (331.62) Aaa / NR AAA 1.71 0.33 89238BAB8 Toyota Auto Receivables Owner 2018-A A2A 2.1% Due 10/15/2020 250,000.00 01/23/2018 2.12 % 249,974.45 249,979.16 99.64 2.63 % 249,108.08 233.33 2.40 % (871.08) Aaa / AAA NR 2.21 0.68 65478VAD9 NAROT 2016-B A3 1.32% Due 1/15/2021 79,651.06 02/12/2018 1.87 % 79,013.22 79,113.74 99.10 2.76 % 78,936.80 11.68 0.76 % (176.94) Aaa / NR AAA 2.46 0.62 47788BAD6 John Deere Owner Trust 2017-B A3 1.82% Due 10/15/2021 100,000.00 07/26/2018 3.16 % 98,511.72 98,514.26 98.50 2.97 % 98,496.80 80.89 0.95 % (17.46) Aaa / NR AAA 3.21 1.31 Total ABS 625,111.88 2.09 % 622,558.38 622,820.46 2.69 % 621,203.82 443.00 5.99 % (1,616.64) Aaa / AAA AAA 2.23 0.67 AGENCY 3135G0E58 FNMA Note 1.125% Due 10/19/2018 135,000.00 08/27/2015 1.18 % 134,781.30 134,984.90 99.79 2.11 % 134,711.51 430.31 1.30 % (273.39) Aaa / AA+ AAA 0.22 0.22 3133EFSJ7 FFCB Note 1.3% Due 12/14/2018 260,000.00 12/15/2015 1.38 % 259,368.20 259,922.04 99.68 2.16 % 259,178.14 441.28 2.50 % (743.90) Aaa / AA+ AAA 0.37 0.37 3135G0H63 FNMA Note 1.375% Due 1/28/2019 215,000.00 08/30/2016 0.94 % 217,236.00 215,457.36 99.56 2.29 % 214,044.54 24.64 2.06 % (1,412.82) Aaa / AA+ AAA 0.50 0.49 3137EADZ9 FHLMC Note 1.125% Due 4/15/2019 235,000.00 07/18/2016 0.92 % 236,311.30 235,337.00 99.14 2.36 % 232,979.94 778.44 2.25 % (2,357.06) Aaa / AA+ AAA 0.71 0.69 313379EE5 FHLB Note 1.625% Due 6/14/2019 150,000.00 09/24/2015 1.27 % 151,932.00 150,450.99 99.31 2.43 % 148,968.00 318.23 1.44 % (1,482.99) Aaa / AA+ AAA 0.87 0.86 3133EFW52 FFCB Note 1.15% Due 7/1/2019 250,000.00 04/08/2016 1.00 % 251,222.50 250,347.21 98.84 2.44 % 247,099.25 239.58 2.38 % (3,247.96) Aaa / AA+ AAA 0.92 0.90 3137EADK2 FHLMC Note 1.25% Due 8/1/2019 170,000.00 08/28/2015 1.41 % 168,951.10 169,732.46 98.81 2.46 % 167,981.93 1,062.50 1.63 % (1,750.53) Aaa / AA+ AAA 1.00 0.98 313380FB8 FHLB Note 1.375% Due 9/13/2019 190,000.00 10/25/2017 1.63 % 189,110.80 189,471.92 98.75 2.52 % 187,624.81 1,001.46 1.82 % (1,847.11) Aaa / AA+ NR 1.12 1.09 3137EADM8 FHLMC Note 1.25% Due 10/2/2019 155,000.00 09/24/2015 1.34 % 154,443.55 154,838.14 98.52 2.54 % 152,705.23 640.45 1.48 % (2,132.91) Aaa / AA+ AAA 1.17 1.15 3137EAEE5 FHLMC Note 1.5% Due 1/17/2020 260,000.00 03/08/2017 1.72 % 258,408.80 259,186.11 98.45 2.58 % 255,981.96 151.67 2.47 % (3,204.15) Aaa / AA+ AAA 1.47 1.43 3135G0A78 FNMA Note 1.625% Due 1/21/2020 245,000.00 12/10/2015 1.61 % 245,149.45 245,053.53 98.56 2.63 % 241,469.80 110.59 2.33 % (3,583.73) Aaa / AA+ AAA 1.48 1.44 Execution Time: 8/1/2018 10:08:04 PMChandler Asset Management - CONFIDENTIAL Page 4 3.A.3.a Packet Pg. 18 Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) Holdings Report As of 7/31/18 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 3135G0T29 FNMA Note 1.5% Due 2/28/2020 205,000.00 08/28/2017 1.48 % 205,102.50 205,064.67 98.22 2.66 % 201,342.19 1,306.88 1.95 % (3,722.48) Aaa / AA+ AAA 1.58 1.53 3137EAEF2 FHLMC Note 1.375% Due 4/20/2020 250,000.00 07/27/2017 1.54 % 248,900.00 249,307.12 97.82 2.68 % 244,539.00 964.41 2.36 % (4,768.12) Aaa / AA+ AAA 1.72 1.68 3137EADR7 FHLMC Note 1.375% Due 5/1/2020 225,000.00 08/24/2016 1.05 % 227,637.00 226,252.82 97.78 2.68 % 220,005.68 773.44 2.13 % (6,247.14) Aaa / AA+ AAA 1.75 1.71 313383HU8 FHLB Note 1.75% Due 6/12/2020 130,000.00 10/14/2015 1.38 % 132,181.40 130,872.82 98.26 2.71 % 127,738.65 309.65 1.23 % (3,134.17) Aaa / AA+ NR 1.87 1.81 3130A5Z77 FHLB Note 1.83% Due 7/29/2020 125,000.00 10/27/2015 1.46 % 127,132.50 125,894.27 98.22 2.75 % 122,780.00 12.71 1.18 % (3,114.27) Aaa / AA+ AAA 2.00 1.94 3137EAEK1 FHLMC Note 1.875% Due 11/17/2020 225,000.00 01/18/2018 2.19 % 223,042.50 223,410.12 98.05 2.76 % 220,606.43 867.19 2.13 % (2,803.69) Aaa / AA+ AAA 2.30 2.22 3130A3UQ5 FHLB Note 1.875% Due 12/11/2020 225,000.00 01/28/2016 1.53 % 228,642.75 226,768.11 97.88 2.81 % 220,234.50 585.94 2.13 % (6,533.61) Aaa / AA+ NR 2.37 2.28 3130A7CV5 FHLB Note 1.375% Due 2/18/2021 200,000.00 03/10/2016 1.61 % 197,812.00 198,870.24 96.60 2.76 % 193,208.20 1,245.14 1.87 % (5,662.04) Aaa / AA+ AAA 2.56 2.46 3135G0N82 FNMA Note 1.25% Due 8/17/2021 315,000.00 01/26/2017 2.02 % 304,579.80 308,015.51 95.47 2.81 % 300,735.23 1,793.75 2.91 % (7,280.28) Aaa / AA+ AAA 3.05 2.94 313378WG2 FHLB Note 2.5% Due 3/11/2022 300,000.00 03/13/2018 2.65 % 298,323.00 298,484.03 98.82 2.85 % 296,448.30 2,916.67 2.88 % (2,035.73) Aaa / AA+ NR 3.61 3.39 313379Q69 FHLB Note 2.125% Due 6/10/2022 200,000.00 06/20/2017 1.87 % 202,370.00 201,839.85 97.37 2.85 % 194,734.20 602.08 1.88 % (7,105.65) Aaa / AA+ AAA 3.86 3.66 Total Agency 4,665,000.00 1.55 % 4,662,638.45 4,659,561.22 2.59 % 4,585,117.49 16,577.01 44.33 % (74,443.73) Aaa / AA+ AAA 1.73 1.67 COMMERCIAL PAPER 62479MKF9 MUFG Bank Ltd/NY Discount CP 2.34% Due 10/15/2018 100,000.00 06/14/2018 2.39 % 99,207.00 99,512.50 99.51 2.39 % 99,512.50 0.00 0.96 % 0.00 P-1 / A-1 NR 0.21 0.21 Total Commercial Paper 100,000.00 2.39 % 99,207.00 99,512.50 2.39 % 99,512.50 0.00 0.96 % 0.00 P-1 / A-1 NR 0.21 0.21 MONEY MARKET FUND FI 31846V203 First American Govt Obligation Fund 100,864.48 Various 1.50 % 100,864.48 100,864.48 1.00 1.50 % 100,864.48 0.00 0.97 % 0.00 Aaa / AAA AAA 0.00 0.00 Total Money Market Fund FI 100,864.48 1.50 % 100,864.48 100,864.48 1.50 % 100,864.48 0.00 0.97 % 0.00 Aaa / AAA AAA 0.00 0.00 US CORPORATE 594918BF0 Microsoft Note 1.3% Due 11/3/2018 190,000.00 11/16/2015 1.32 % 189,889.80 189,990.41 99.76 2.23 % 189,547.61 603.78 1.83 % (442.80) Aaa / AAA AA+ 0.26 0.25 Execution Time: 8/1/2018 10:08:04 PMChandler Asset Management - CONFIDENTIAL Page 5 3.A.3.a Packet Pg. 19 Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) Holdings Report As of 7/31/18 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 CORPORATE 30231GAP7 Exxon Mobil Corp Note 1.708% Due 3/1/2019 175,000.00 05/19/2016 1.44 % 176,281.00 175,268.62 99.61 2.38 % 174,318.55 1,245.42 1.69 % (950.07) Aaa / AA+ NR 0.58 0.57 037833AQ3 Apple Inc Note 2.1% Due 5/6/2019 195,000.00 05/04/2016 1.22 % 200,003.70 196,273.84 99.78 2.39 % 194,571.59 966.88 1.88 % (1,702.25) Aa1 / AA+ NR 0.76 0.75 084670BL1 Berkshire Hathaway Note 2.1% Due 8/14/2019 200,000.00 01/26/2017 1.70 % 201,976.00 200,807.49 99.47 2.62 % 198,946.00 1,948.33 1.94 % (1,861.49) Aa2 / AA A+ 1.04 1.01 06406HCW7 Bank of New York Callable Note Cont 8/11/2019 2.3% Due 9/11/2019 150,000.00 10/26/2016 1.55 % 153,034.50 151,122.23 99.44 2.82 % 149,154.45 1,341.67 1.45 % (1,967.78) A1 / A AA- 1.12 1.08 166764AN0 Chevron Corp Callable Note Cont 10/15/2019 2.193% Due 11/15/2019 130,000.00 01/05/2016 2.12 % 130,341.90 130,114.45 99.47 2.61 % 129,309.83 601.86 1.25 % (804.62) Aa2 / AA- NR 1.29 1.26 36962G7M0 General Electric Capital Corp Callable Note 1X 12/9/2019 2.2% Due 1/9/2020 100,000.00 03/26/2018 2.96 % 98,682.00 98,936.71 98.91 2.98 % 98,913.20 134.44 0.95 % (23.51) A2 / A A 1.44 1.40 46625HKA7 JP Morgan Chase Callable Note Cont 12/23/2019 2.25% Due 1/23/2020 125,000.00 08/11/2017 1.91 % 125,970.00 125,574.77 98.92 3.00 % 123,654.88 62.50 1.19 % (1,919.89) A3 / A- AA- 1.48 1.44 857477AS2 State Street Bank Note 2.55% Due 8/18/2020 125,000.00 11/29/2016 2.18 % 126,620.00 125,894.29 99.10 3.01 % 123,869.75 1,443.23 1.21 % (2,024.54) A1 / A AA- 2.05 1.96 02665WAZ4 American Honda Finance Note 2.45% Due 9/24/2020 150,000.00 10/07/2016 1.72 % 154,161.00 152,265.18 98.65 3.10 % 147,974.25 1,296.46 1.44 % (4,290.93) A2 / A+ NR 2.15 2.06 91159HHL7 US Bancorp Callable Note 1X 12/29/2020 2.35% Due 1/29/2021 125,000.00 05/02/2017 2.12 % 126,012.50 125,668.68 97.93 3.22 % 122,411.50 16.32 1.18 % (3,257.18) A1 / A+ AA- 2.50 2.40 17275RBD3 Cisco Systems Note 2.2% Due 2/28/2021 150,000.00 09/20/2017 1.98 % 151,108.50 150,832.04 98.10 2.97 % 147,143.85 1,402.50 1.43 % (3,688.19) A1 / AA- NR 2.58 2.46 369550BE7 General Dynamics Corp Note 3% Due 5/11/2021 125,000.00 05/15/2018 3.25 % 124,128.75 124,188.75 99.57 3.16 % 124,458.75 833.33 1.21 % 270.00 A2 / A+ NR 2.78 2.63 808513AW5 Charles Schwab Corp Callable Note Cont 4/21/2021 3.25% Due 5/21/2021 150,000.00 05/30/2018 3.01 % 151,011.00 150,952.54 100.15 3.19 % 150,231.00 934.38 1.46 % (721.54) A2 / A A 2.81 2.57 931142EJ8 Wal-Mart Stores Note 3.125% Due 6/23/2021 200,000.00 Various 2.96 % 200,929.00 200,909.08 100.23 3.04 % 200,464.40 590.28 1.94 % (444.68) Aa2 / AA AA 2.90 2.74 68389XBK0 Oracle Corp Callable Note Cont 8/01/21 1.9% Due 9/15/2021 200,000.00 10/12/2017 2.11 % 198,458.00 198,769.63 96.50 3.08 % 192,993.60 1,435.56 1.87 % (5,776.03) A1 / AA- A+ 3.13 2.98 Total US Corporate 2,490,000.00 2.04 % 2,508,607.65 2,497,568.71 2.83 % 2,467,963.21 14,856.94 23.92 % (29,605.50) A1 / AA- AA- 1.77 1.69 US TREASURY 912828RH5 US Treasury Note 1.375% Due 9/30/2018 100,000.00 11/16/2015 1.13 % 100,680.02 100,038.93 99.90 1.98 % 99,898.00 462.09 0.97 % (140.93) Aaa / AA+ AAA 0.17 0.17 Execution Time: 8/1/2018 10:08:04 PMChandler Asset Management - CONFIDENTIAL Page 6 3.A.3.a Packet Pg. 20 Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) Holdings Report As of 7/31/18 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 912828SD3 US Treasury Note 1.25% Due 1/31/2019 115,000.00 05/28/2015 1.19 % 115,247.46 115,033.72 99.52 2.22 % 114,447.43 3.91 1.10 % (586.29) Aaa / AA+ AAA 0.50 0.49 912828ST8 US Treasury Note 1.25% Due 4/30/2019 150,000.00 03/20/2015 1.27 % 149,883.32 149,978.83 99.18 2.36 % 148,769.55 473.85 1.44 % (1,209.28) Aaa / AA+ AAA 0.75 0.74 912828R85 US Treasury Note 0.875% Due 6/15/2019 270,000.00 02/26/2018 2.11 % 265,739.06 267,135.35 98.67 2.42 % 266,403.60 303.38 2.57 % (731.75) Aaa / AA+ AAA 0.87 0.86 912828UB4 US Treasury Note 1% Due 11/30/2019 125,000.00 10/26/2016 1.05 % 124,819.76 124,922.14 97.96 2.56 % 122,451.13 211.75 1.18 % (2,471.01) Aaa / AA+ AAA 1.33 1.31 912828UV0 US Treasury Note 1.125% Due 3/31/2020 195,000.00 11/17/2015 1.61 % 191,054.95 193,496.18 97.55 2.64 % 190,224.06 737.24 1.84 % (3,272.12) Aaa / AA+ AAA 1.67 1.63 912828L32 US Treasury Note 1.375% Due 8/31/2020 200,000.00 11/03/2015 1.56 % 198,289.73 199,261.34 97.35 2.69 % 194,695.40 1,150.82 1.89 % (4,565.94) Aaa / AA+ AAA 2.09 2.02 912828M98 US Treasury Note 1.625% Due 11/30/2020 205,000.00 Various 1.71 % 204,350.30 204,614.16 97.52 2.73 % 199,922.97 564.31 1.93 % (4,691.19) Aaa / AA+ AAA 2.34 2.26 912828N89 US Treasury Note 1.375% Due 1/31/2021 160,000.00 04/04/2018 2.41 % 155,500.00 156,014.53 96.72 2.74 % 154,756.32 5.98 1.49 % (1,258.21) Aaa / AA+ AAA 2.51 2.43 912828Q78 US Treasury Note 1.375% Due 4/30/2021 210,000.00 05/25/2017 1.66 % 207,753.05 208,423.99 96.37 2.76 % 202,371.12 733.71 1.96 % (6,052.87) Aaa / AA+ AAA 2.75 2.66 912828S76 US Treasury Note 1.125% Due 7/31/2021 260,000.00 11/29/2017 1.98 % 252,169.53 253,596.44 95.28 2.78 % 247,720.98 7.95 2.39 % (5,875.46) Aaa / AA+ AAA 3.00 2.92 912828T34 US Treasury Note 1.125% Due 9/30/2021 125,000.00 05/30/2018 2.59 % 119,194.34 119,489.87 95.01 2.78 % 118,759.75 472.59 1.15 % (730.12) Aaa / AA+ AAA 3.17 3.06 912828G53 US Treasury Note 1.875% Due 11/30/2021 220,000.00 04/26/2017 1.81 % 220,653.86 220,474.22 97.11 2.79 % 213,632.10 698.77 2.06 % (6,842.12) Aaa / AA+ AAA 3.34 3.19 912828W89 US Treasury Note 1.875% Due 3/31/2022 200,000.00 04/26/2018 2.75 % 193,531.25 193,964.30 96.76 2.81 % 193,523.40 1,260.25 1.88 % (440.90) Aaa / AA+ AAA 3.67 3.49 Total US Treasury 2,535,000.00 1.82 % 2,498,866.63 2,506,444.00 2.62 % 2,467,575.81 7,086.60 23.84 % (38,868.19) Aaa / AA+ AAA 2.13 2.06 TOTAL PORTFOLIO 10,515,976.36 1.77 % 10,492,742.59 10,486,771.37 2.65 % 10,342,237.31 38,963.55 100.00 % (144,534.06) Aa1 / AA+ AAA 1.83 1.68 TOTAL MARKET VALUE PLUS ACCRUED 10,381,200.86 Execution Time: 8/1/2018 10:08:04 PMChandler Asset Management - CONFIDENTIAL Page 7 3.A.3.a Packet Pg. 21 Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) Transaction Ledger 6/30/18 Thru 7/31/18 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 07/01/2018 31846V203 1,437.50 First American Govt Obligation Fund 1.000 1.50 %1,437.50 0.00 1,437.50 0.00 Purchase 07/02/2018 31846V203 125.21 First American Govt Obligation Fund 1.000 1.50 %125.21 0.00 125.21 0.00 Purchase 07/05/2018 931142EJ8 150,000.00 Wal-Mart Stores Note 3.125% Due 6/23/2021 100.513 2.94 %150,769.50 104.17 150,873.67 0.00 Purchase 07/09/2018 31846V203 1,100.00 First American Govt Obligation Fund 1.000 1.50 %1,100.00 0.00 1,100.00 0.00 Purchase 07/16/2018 31846V203 4,535.31 First American Govt Obligation Fund 1.000 1.50 %4,535.31 0.00 4,535.31 0.00 Purchase 07/16/2018 31846V203 12,327.06 First American Govt Obligation Fund 1.000 1.50 %12,327.06 0.00 12,327.06 0.00 Purchase 07/16/2018 31846V203 5,891.03 First American Govt Obligation Fund 1.000 1.50 %5,891.03 0.00 5,891.03 0.00 Purchase 07/16/2018 31846V203 437.50 First American Govt Obligation Fund 1.000 1.50 %437.50 0.00 437.50 0.00 Purchase 07/17/2018 31846V203 1,950.00 First American Govt Obligation Fund 1.000 1.50 %1,950.00 0.00 1,950.00 0.00 Purchase 07/18/2018 31846V203 5,200.17 First American Govt Obligation Fund 1.000 1.50 %5,200.17 0.00 5,200.17 0.00 Purchase 07/20/2018 31846V203 1,125.00 First American Govt Obligation Fund 1.000 1.50 %1,125.00 0.00 1,125.00 0.00 Purchase 07/20/2018 31846V203 200,000.00 First American Govt Obligation Fund 1.000 1.50 %200,000.00 0.00 200,000.00 0.00 Purchase 07/21/2018 31846V203 1,990.63 First American Govt Obligation Fund 1.000 1.50 %1,990.63 0.00 1,990.63 0.00 Purchase 07/23/2018 31846V203 1,406.25 First American Govt Obligation Fund 1.000 1.50 %1,406.25 0.00 1,406.25 0.00 Purchase 07/27/2018 931142EJ8 50,000.00 Wal-Mart Stores Note 3.125% Due 6/23/2021 100.319 3.01 %50,159.50 130.21 50,289.71 0.00 Purchase 07/28/2018 31846V203 1,478.13 First American Govt Obligation Fund 1.000 1.50 %1,478.13 0.00 1,478.13 0.00 Purchase 07/29/2018 31846V203 2,612.50 First American Govt Obligation Fund 1.000 1.50 %2,612.50 0.00 2,612.50 0.00 Purchase 07/30/2018 47788BAD6 100,000.00 John Deere Owner Trust 2017-B A3 1.82% Due 10/15/2021 98.512 3.16 %98,511.72 75.83 98,587.55 0.00 Purchase 07/31/2018 31846V203 3,281.25 First American Govt Obligation Fund 1.000 1.50 %3,281.25 0.00 3,281.25 0.00 Subtotal 544,897.54 544,338.26 310.21 544,648.47 0.00 TOTAL ACQUISITIONS 544,897.54 544,338.26 310.21 544,648.47 0.00 DISPOSITIONS Sale 07/05/2018 31846V203 150,873.67 First American Govt Obligation Fund 1.000 1.50 %150,873.67 0.00 150,873.67 0.00 Sale 07/27/2018 31846V203 50,289.71 First American Govt Obligation Fund 1.000 1.50 %50,289.71 0.00 50,289.71 0.00 Sale 07/30/2018 31846V203 98,587.55 First American Govt Obligation Fund 1.000 1.50 %98,587.55 0.00 98,587.55 0.00 Subtotal 299,750.93 299,750.93 0.00 299,750.93 0.00 Execution Time: 8/1/2018 10:08:04 PMChandler Asset Management - CONFIDENTIAL Page 8 3.A.3.a Packet Pg. 22 Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) Transaction Ledger 6/30/18 Thru 7/31/18 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 07/16/2018 43814QAC2 4,486.10 Honda Auto Receivables 2016-2 A3 1.39% Due 4/15/2020 100.000 4,486.10 49.21 4,535.31 0.00 Paydown 07/16/2018 47788MAC4 12,181.67 John Deere Owner Trust 2016-A A3 1.36% Due 4/15/2020 100.000 12,181.67 145.39 12,327.06 0.00 Paydown 07/16/2018 65478VAD9 5,797.04 NAROT 2016-B A3 1.32% Due 1/15/2021 100.000 5,797.04 93.99 5,891.03 0.00 Paydown 07/16/2018 89238BAB8 0.00 Toyota Auto Receivables Owner 2018-A A2A 2.1% Due 10/15/2020 100.000 0.00 437.50 437.50 0.00 Paydown 07/18/2018 43814PAB6 5,139.33 Honda Auto Receivables Owner T 17-3 A2 1.57% Due 1/21/2020 100.000 5,139.33 60.84 5,200.17 0.00 Subtotal 27,604.14 27,604.14 786.93 28,391.07 0.00 Maturity 07/20/2018 3135G0E33 200,000.00 FNMA Note 1.125% Due 7/20/2018 100.000 200,000.00 0.00 200,000.00 0.00 Subtotal 200,000.00 200,000.00 0.00 200,000.00 0.00 Security Withdrawal 07/05/2018 31846V203 864.35 First American Govt Obligation Fund 1.000 864.35 0.00 864.35 0.00 Security Withdrawal 07/25/2018 31846V203 104.17 First American Govt Obligation Fund 1.000 104.17 0.00 104.17 0.00 Subtotal 968.52 968.52 0.00 968.52 0.00 TOTAL DISPOSITIONS 528,323.59 528,323.59 786.93 529,110.52 0.00 OTHER TRANSACTIONS Interest 07/01/2018 3133EFW52 250,000.00 FFCB Note 1.15% Due 7/1/2019 0.000 1,437.50 0.00 1,437.50 0.00 Interest 07/09/2018 36962G7M0 100,000.00 General Electric Capital Corp Callable Note 1X 12/9/2019 2.2% Due 1/9/2020 0.000 1,100.00 0.00 1,100.00 0.00 Interest 07/17/2018 3137EAEE5 260,000.00 FHLMC Note 1.5% Due 1/17/2020 0.000 1,950.00 0.00 1,950.00 0.00 Interest 07/20/2018 3135G0E33 200,000.00 FNMA Note 1.125% Due 7/20/2018 0.000 1,125.00 0.00 1,125.00 0.00 Interest 07/21/2018 3135G0A78 245,000.00 FNMA Note 1.625% Due 1/21/2020 0.000 1,990.63 0.00 1,990.63 0.00 Interest 07/23/2018 46625HKA7 125,000.00 JP Morgan Chase Callable Note Cont 12/23/2019 2.25% Due 1/23/2020 0.000 1,406.25 0.00 1,406.25 0.00 Execution Time: 8/1/2018 10:08:04 PMChandler Asset Management - CONFIDENTIAL Page 9 3.A.3.a Packet Pg. 23 Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) Transaction Ledger 6/30/18 Thru 7/31/18 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 07/28/2018 3135G0H63 215,000.00 FNMA Note 1.375% Due 1/28/2019 0.000 1,478.13 0.00 1,478.13 0.00 Interest 07/29/2018 3130A5Z77 125,000.00 FHLB Note 1.83% Due 7/29/2020 0.000 1,143.75 0.00 1,143.75 0.00 Interest 07/29/2018 91159HHL7 125,000.00 US Bancorp Callable Note 1X 12/29/2020 2.35% Due 1/29/2021 0.000 1,468.75 0.00 1,468.75 0.00 Interest 07/31/2018 912828N89 160,000.00 US Treasury Note 1.375% Due 1/31/2021 0.000 1,100.00 0.00 1,100.00 0.00 Interest 07/31/2018 912828S76 260,000.00 US Treasury Note 1.125% Due 7/31/2021 0.000 1,462.50 0.00 1,462.50 0.00 Interest 07/31/2018 912828SD3 115,000.00 US Treasury Note 1.25% Due 1/31/2019 0.000 718.75 0.00 718.75 0.00 Subtotal 2,180,000.00 16,381.26 0.00 16,381.26 0.00 Dividend 07/02/2018 31846V203 7,250.22 First American Govt Obligation Fund 0.000 125.21 0.00 125.21 0.00 Subtotal 7,250.22 125.21 0.00 125.21 0.00 TOTAL OTHER TRANSACTIONS 2,187,250.22 16,506.47 0.00 16,506.47 0.00 Execution Time: 8/1/2018 10:08:04 PMChandler Asset Management - CONFIDENTIAL Page 10 3.A.3.a Packet Pg. 24 Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) 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 July 31, 2018 3.A.3.a Packet Pg. 25 Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) Investment Management Portfolio Review Page Investment Portfolio Summary Comparison 3 Total Return Performance Summary 4 Investment Portfolio Maturity Distribution 5 Investment Portfolio Maturity Distribution By Security Type 6 Investment Portfolio Rating Distribution 7 Investment Portfolio Security Distribution - Market Value 8 Investment Portfolio Security Distribution - Historical Cost 9 Investment Portfolio Compliance 10 Additional Disclosure 11 Portfolio Holdings Detail 12 City of San Jacinto Summary 3.A.3.a Packet Pg. 26 Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) City of San Jacinto July 1, 2018 Beginning Balance July 31, 2018 Ending Balance Portfolio Characteristic July 1, 2018 Beginning Balance July 31, 2018 Ending Balance Historical Cost 10,452,318.33$ 10,461,223.09$ Book Yield Gross 1.59%1.72% Book Value 10,417,027.64$ 10,432,741.38$ Market Yield Gross 2.54%2.57% Accrued Interest 41,774.31 45,043.21 Weighted Average Coupon 1.78%1.85% Book Value Plus Accrued 10,458,801.95$ 10,477,784.59$ Duration 1.56 Years 1.59 Years Net Unrealized Gain/Loss (134,735.10)(134,244.57)Weighted Effective Maturity 1.61 Years 1.65 Years Market Value Plus Accrued(2)10,324,066.85$ 10,343,540.02$ Weighted Final Maturity 1.61 Years 1.65 Years Net Pending Transactions 13,298.67 42.94 Market Value Plus Accrued Net(2)10,337,365.52$ 10,343,582.96$ City of San Jacinto July 2018 Net Income Portfolio Compliance Compliant Interest Income 15,642.79$ Security Distribution YES Net Amortization/Accretion (1,611.25)Maturity Distribution YES Net Realized Gain/Loss(3)(8,200.46)Rating Distribution YES Miscellaneous Income - Net Income 5,831.08$ City of San Jacinto Summary Comparison for the period July 1, 2018 to July 31, 2018 (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. 27 Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) Trailing Month Trailing 3 Months Trailing 12 Months Year to Date Total Return Performance Periodic Periodic Periodic Periodic City of San Jacinto 0.06%0.46%0.09%0.24% BofA ML 1-3 Year U.S. Treasuries 0.00%0.37%-0.14%0.09% Trailing 3 Years Trailing 5 Years Since Inception* Total Return Performance Annualized Annualized Annualized City of San Jacinto 0.50%0.66%0.62% BofA ML 1-3 Year U.S. Treasuries 0.40%0.55%0.52% *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 July 1, 2018 to July 31, 2018 0.06% 0.46% 0.09% 0.24% 0.50% 0.62% (0.00%) 0.37% (0.14%) 0.09% 0.40% 0.52% (0.20%) (0.10%) 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 0.60% 0.70% 0.80% Trailing Month Trailing 3 Months Trailing 12 Months Year to Date Trailing 3 Years Trailing 5 Years Since Inception*YieldTotal Return Performance vs. Benchmark City of San Jacinto BofA ML 1-3 Year U.S. Treasuries Page 4 3.A.3.a Packet Pg. 28 Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) Maturity Distribution July 1, 2018 Beginning Balance July 31, 2018 Ending Balance Portfolio Allocation Distribution Change 0-3 Months 403,210.97$ 484,881.26$ 4.69%0.78% 3-6 Months - - 0.00%0.00% 6-9 Months 150,137.54 150,539.79 1.46%0.00% 9-12 Months 1,407,517.11 1,167,398.65 11.29%-2.35% 1-2 Years 4,970,844.85 5,087,666.92 49.19%1.04% 2-3 Years 3,392,356.37 3,453,053.40 33.38%0.52% 3-4 Years - - 0.00%0.00% 4-5 Years - - 0.00%0.00% 5-6 Years - - 0.00%0.00% 6 Years +- - 0.00%0.00% Total Portfolio 10,324,066.85$ 10,343,540.02$ 100.00% City of San Jacinto Maturity Distribution Market Value Basis July 1, 2018 to July 31, 2018 $- $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 0-3 M 3-6 M 6-9 M 9-12 M 1-2 Yr 2-3 Yr 3-4 Yr 4-5 Yr 5-6 Yr 6 Yr + Maturity Distribution Comparison July 1, 2018 July 31, 2018 0-3 M 4.69% 6-9 M 1.46% 9-12 M 11.29% 1-2 Yr 49.19% 2-3 Yr 33.38% Maturity Distribution Page 5 3.A.3.a Packet Pg. 29 Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) Security Distribution 0-3 Months 3-6 Months 6-9 Months 9-12 Months 1-2 Years 2-3 Years 3-4 Years 4-5 Years Total Portfolio Cash -$ -$ -$ -$ -$ -$ -$ -$ -$ Money Market Funds 102,485 - - - - - - - 102,485 Certificates of Deposit - - - - - - - - - Commercial Paper - - - - - - - - - U.S. Treasury Notes - - - 1,167,399 2,968,279 2,484,981 - - 6,620,659 U.S. Agency Notes - - - - - - - - - Federal Inst. (GSE)*- - - - - 968,072 - - 968,072 Corporate Notes - - 150,540 - 2,119,388 - - - 2,269,927 Asset Backed (ABS)- - - - - - - - - Municipal Bonds 382,396 - - - - - - - 382,396 Total 484,881$ -$ 150,540$ 1,167,399$ 5,087,667$ 3,453,053$ -$ -$ 10,343,540$ *Mortgage backed securities shown to effective maturity. City of San Jacinto Maturity Distribution Market Value Basis as of July 31, 2018 $- $5,000,000 $10,000,000 0-3 Months 3-6 Months 6-9 Months 9-12 Months 1-2 Years 2-3 Years 3-4 Years 4-5 Years Maturity Distribution By Type Municipal Bonds Asset Backed (ABS) Corporate Notes Federal Inst. (GSE)* U.S. Agency Notes U.S. Treasury Notes Commercial Paper Certificates of Deposit Money Market Funds Cash Page 6 3.A.3.a Packet Pg. 30 Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) S&P Rating Distribution July 31, 2018 Ending Balance Portfolio Allocation Short Term Rating Distribution A-1+-$ 0.00% A-1 - 0.00% A-2 - 0.00% Total Short Term Ratings -$ 0.00% Long Term Rating Distribution AAA Rating 326,263.78$ 3.15% AA Rating 8,923,401.26 86.27% A Rating 1,093,874.98 10.58% Below A - 0.00% Not Rated - 0.00% Total Long Term Rating 10,343,540.02$ 100.00% Total Portfolio 10,343,540.02$ 100.00% Moody's Rating Distribution July 31, 2018 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 7,914,995.07$ 76.52% Aa Rating 1,334,669.97 12.90% A Rating 1,093,874.98 10.58% Below A - 0.00% Not Rated - 0.00% Total Long Term Rating 10,343,540.02$ 100.00% Total Portfolio 10,343,540.02$ 100.00% City of San Jacinto Rating Distribution Market Value Basis as of July 31, 2018 AAA Rating 3.15% AA Rating 86.27% A Rating 10.58% Portfolio Allocation By Standard and Poors' Rating Aaa Rating 76.52% Aa Rating 12.90% A Rating 10.58% Portfolio Allocation By Moody's Rating Page 7 3.A.3.a Packet Pg. 31 Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) Security Distribution July 1, 2018 Beginning Balance Portfolio Allocation July 31, 2018 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 6,755,263.46 65.43%6,620,658.82 1.54%64.01%-1.42%NO U.S. Agency Notes - 0.00%- 0.00%0.00%0.00%YES FNMA - 0.00%- 0.00%0.00%0.00%YES FHLMC 968,327.53 9.38%968,072.47 2.32%9.36%-0.02%NO FFCB - 0.00%- 0.00%0.00%0.00%YES FHLB - 0.00%- 0.00%0.00%0.00%YES Fed Instrumentality Subtotal 968,327.53$ 9.38%968,072.47$ 2.32%9.36%-0.02%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 2,197,264.88 21.28%2,269,927.47 2.06%21.95%0.66%NO Bankers Acceptances - 0.00%- 0.00%0.00%0.00%YES Money Market Funds 21,544.99 0.21%102,485.36 1.50%0.99%0.78%YES Municipal Bonds 381,665.98 3.70%382,395.90 1.26%3.70%0.00%NO 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 10,324,066.85$ 100.00%10,343,540.02$ 1.72%100.00% *Permitted allocation based on aggregate assets as defined within the investment policy. City of San Jacinto Market Value Basis Security Distribution July 1, 2018 to July 31, 2018 $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 CashLGIPUSTAgencyFNMAFHLMCFFCBFHLBABSCPCorpBAMMFMuniInter GovCDAsset Balance By Security Type (in millions) July 1, 2018 July 31, 2018 UST 64.01% FHLMC 9.36% Corp 21.95% MMF 0.99% Muni 3.70% Ending Portfolio Allocation Page 8 3.A.3.a Packet Pg. 32 Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) Security Distribution July 1, 2018 Beginning Balance Portfolio Allocation July 31, 2018 Ending Balance Book Yield Portfolio Allocation Change in Allocation Permitted by Policy*Compliant Cash -$ 0.00%-$ 0.00%0.00%0.00%YES U.S. Treasury Notes 6,872,741.79 65.75%6,725,807.43 1.54%64.29%-1.46%NO U.S. Agency Notes - 0.00%- 0.00%0.00%0.00%YES FNMA - 0.00%- 0.00%0.00%0.00%YES FHLMC 970,341.00 9.28%970,341.00 2.32%9.28%-0.01%NO FFCB - 0.00%- 0.00%0.00%0.00%YES FHLB - 0.00%- 0.00%0.00%0.00%YES Fed Instrumentality Subtotal 970,341.00$ 9.28%970,341.00$ 2.32%9.28%-0.01%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 2,207,690.55 21.12%2,282,589.30 2.06%21.82%0.70%NO Bankers Acceptances - 0.00%- 0.00%0.00%0.00%YES Money Market Funds 21,544.99 0.21%102,485.36 1.50%0.98%0.77%YES Municipal Bonds 380,000.00 3.64%380,000.00 1.26%3.63%0.00%NO 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 10,452,318.33$ 100.00%10,461,223.09$ 1.72%100.00% *Permitted allocation based on aggregate assets as defined within the investment policy. City of San Jacinto Historical Cost Basis Security Distribution July 1, 2018 to July 31, 2018 $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 CashUSTAgencyFNMAFHLMCFFCBFHLBABSCPCorpBAMMFMuniInter GovCDAsset Balance By Security Type (in millions) July 1, 2018 July 31, 2018 UST 64.29% FHLMC 9.28%Corp 21.82% MMF 0.98% Muni 3.63% Ending Portfolio Allocation Page 9 3.A.3.a Packet Pg. 33 Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) Policy Section Description Compliance Requirement Compliant Policy Section Description Compliance Requirement Compliant IX. 1 Municipal Bonds Rated in 4 highest general classifications by nationally recognized rating service; 5% issuer limitation Compliant IX. 14 Pass-Through Securities Issuer debt rated at least A by 2 NRSRO; Must be rated in the AA category by 2 NRSRO's; 20% total portfolio limit, 5-year maturity limit Compliant IX. 2 U.S. Treasury No limitations Compliant IX. 15 Money Market Funds Registerd 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, 10% per fund limit Compliant IX. 3 Federal Agency No limitations Compliant IX. 16 Mutual Funds Authorize by CA Government Code Section 53601 Compliant IX. 4 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 X.A.1 Futures and Opions Prohibited Compliant IX. 5 Federally Insured Time Deposits Limited to amounts covered under federal insurance; 5-year maturity limit Compliant X.A.2 Inverse Floaters, Range Notes, and Mortgage Derived IO Strips Prohibited Compliant IX. 6 Time Deposits Fully collateralized per CA law, 20% limit when combined with IX. 5; Issuer must have long-term debt rated A or higher or short-term debt rated A1 or higher by 2 NRSRO's, 5-year maturity limit Compliant X.A.3 Potentail Zero Accrual Securities Prohibited Compliant IX.7 CDARS 30% limit in combination of CD's (including CDARS); 5-year maturity limit Compliant X.A.5 Purchasing Securities on Margin Prohibited Compliant IX. 8 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.6 Reverse Repos or other leverage Prohibited 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 X.A.7 Foreign Currency Securities Prohibited 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 ny 2 NRSRO; Maturity ≤ 270 days; 25% total portfolio limit; 5% issuer limit Compliant X.B.2 Single Issuer Limitation 5% issuer limitation, except U.S. Government and its agencies & enterprises 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 City of San Jacinto Portfolio Compliance July 1, 2018 to July 31, 2018 Page 10 3.A.3.a Packet Pg. 34 Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) Additional Disclosure This statement is for general information purposes only and is not intended to provide specific advice or recommendations. Please review the contents of this statement carefully. Should you have any questions regarding the information presented, calculation methodology, investment portfolio or security detail, or any other facet of your statement, please feel free to contact us. Public Trust Advisor’s monthly statement is intended to detail our investment advisory activity as well as the activity of any accounts held by clients in pools that are managed by Public Trust Advisors. The custodian bank maintains the control of assets and executes and settles all investments transactions. The custodian statement is the official record of security and cash holdings transactions. Public Trust Advisors recognizes that clients may use these reports to facilitate record keeping; therefore the custodian bank statement and the Public Trust Advisors statement should be reconciled and differences resolved. Many custodians use a settlement date basis which may result in the need to reconcile due to a timing difference. Please contact your relationship manager or our toll free number 855- 395-3954 with questions regarding your account. Public Trust Advisors 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. Pricing sources from our reporting platform are provided by Clearwater reporting platform and are established by Clearwater’s internal pricing procedures. Clearwater utilizes a hierarchical pricing model which starts with one of the industry’s pricing sources, S&P Capital IQ. Securities with short maturities and infrequent secondary market trades are typically priced via mathematical calculations. The Securities in this investment portfolio, including shares of mutual funds, are not guaranteed or otherwise protected by Public trust Advisors, the FDIC (except for certain non-negotiable certificates of deposit) or any government agency, unless otherwise specifically stated. Investment in fixed income securities involves risks, including the possible loss of the amount invested. Past performance is not an indication of future performance. Beginning and Ending Balances based on Market Value plus Accrued Interest on a Trade Date basis. Public Trust Advisors is an investment advisor registered with the Securities and Exchange Commission, and is required to maintain a written disclosure statement of our background and business experience. If you would like to receive a copy of our current disclosure statement, privacy policy, or code of ethics please contact Service Operations at the address below. Public Trust Advisors 717 17th Street, Suite 1850 Denver, CO 80202 Page 11 3.A.3.a Packet Pg. 35 Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) Portfolio Holdings Portfolio Income Portfolio Transactions Issuer Concentration Security Concentration Portfolio Activity Summary City of San Jacinto Detail Page 12 3.A.3.a Packet Pg. 36 Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) Month End Report Trade DateSan Jacinto, City of (66779)Month End (M7 Y2018)07/01/2018 - 07/31/2018Dated: 08/07/2018Locked Down3.A.3.aPacket Pg. 37Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) Holdings Report Trade Date (San Jacinto, City of (66779))1Income Detail Report Trade Date (San Jacinto, City of (66779))4Transactions Realized Gain Loss Report (San Jacinto, City of (66779))6Issuer Concentration with Yield GASB 40 Trade Date (San Jacinto, City of(66779))7Security Type GASB 40 Trade Date (San Jacinto, City of (66779))11Portfolio Activity Summary (San Jacinto, City of (66779))15Table of ContentsDated: 08/07/20183.A.3.aPacket Pg. 38Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) 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 CORP3137EAEK1AGCY BOND1.87511/17/202011/17/2020N---448,533.00450,000.0098.029012/06/201712/08/2017AaaAA+---448,851.25450,585.631,734.38-7,720.75441,130.50442,864.88FEDERAL HOME LOAN MORTGAGE CORP3137EAEL9AGCY BOND2.37502/16/202102/16/2021N---521,808.00525,000.0098.951004/17/201804/19/2018AaaAA+---522,125.78527,840.625,714.84-2,633.03519,492.75525,207.59MICROSOFT CORP594918BN3CORP1.10008/08/201908/08/2019N---74,922.7575,000.0098.582008/01/201608/08/2016AaaAAA---74,973.4675,369.92396.46-1,036.9673,936.5074,332.96INTERNATIONAL BUSINESS MACHINES CORP459200JN2CORP1.90001/27/202001/27/2020N---299,712.00300,000.0098.631001/24/201701/27/2017A1A+---299,855.23299,918.5763.33-3,962.23295,893.00295,956.33MICROSOFT CORP594918BV5CORP1.85002/06/202002/06/2020N---149,899.50150,000.0098.731001/30/201702/06/2017AaaAAA---149,948.59151,297.551,348.96-1,852.09148,096.50149,445.46APPLE INC037833CE8CORP1.55002/08/201902/08/2019N---149,886.00150,000.0099.615002/02/201702/09/2017Aa1AA+---149,970.01151,087.301,117.29-547.51149,422.50150,539.79WALT DISNEY CO25468PDP8CORP1.95003/04/202003/04/2020N---298,956.00300,000.0098.398003/15/201703/20/2017A2A+---299,430.26301,819.012,388.75-4,236.26295,194.00297,582.75APPLE INC037833CS7CORP1.80005/11/202005/11/2020N---124,872.50125,000.0098.240005/04/201705/11/2017Aa1AA+---124,923.65125,423.65500.00-2,123.65122,800.00123,300.00INTEL CORP458140AZ3CORP1.85005/11/202005/11/2020N---249,905.00250,000.0098.212005/08/201705/11/2017A1A+---249,943.10250,970.881,027.78-4,413.10245,530.00246,557.78APPLE INC037833CZ1CORP1.50009/12/201909/12/2019N---119,896.80120,000.0098.791009/05/201709/12/2017Aa1AA+---119,942.14120,637.14695.00-1,392.94118,549.20119,244.20GILEAD SCIENCES INC375558BR3CORP1.85009/20/201909/20/2019N---54,980.7555,000.0098.864009/14/201709/21/2017A3A---54,988.9655,359.22370.26-613.7654,375.2054,745.46WAL-MART STORES INC931142DY6CORP1.75010/09/201910/09/2019N---44,999.1045,000.0098.899010/11/201710/20/2017Aa2AA---44,999.3945,244.39245.00-494.8444,504.5544,749.55AMERICAN HONDA FINANCE CORP02665WBZ3CORP2.00011/13/201911/13/2019N---124,930.00125,000.0098.800011/13/201711/16/2017A2A+---124,954.55125,496.22541.67-1,454.55123,500.00124,041.67TOYOTA MOTOR CREDIT CORP89236TEJ0CORP2.20001/10/202001/10/2020N---189,830.90190,000.0098.891001/08/201801/11/2018Aa3AA----189,877.28190,121.12243.83-1,984.38187,892.90188,136.73WALMART INC931142EG4CORP2.85006/23/202006/23/2020N---324,899.25325,000.00100.132006/20/201806/27/2018Aa2AA---324,903.88325,778.68874.79525.12325,429.00326,303.79AMERICAN HONDA FINANCE CORP02665WCH2CORP3.00006/16/202006/16/2020N---74,898.7575,000.0099.863007/11/201807/16/2018A2A+---74,900.9074,994.6593.75-3.6574,897.2574,991.00Holdings Report Trade DateSan Jacinto, City of (66779)As of 07/31/2018Return to Table of ContentsDated: 08/07/201813.A.3.aPacket Pg. 39Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) 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 + AccruedFIRST AMER:GVT OBLG;Y31846V203MMFUND1.50007/31/201807/31/2018N---102,485.36102,485.361.0000------AaaAAAm---102,485.36102,485.360.000.00102,485.36102,485.36RIVERSIDE CALIF UNI SCH DIST769059XQ4MUNI1.26108/01/201808/01/2018N---380,000.00380,000.00100.000004/27/201605/25/2016Aa2AA----380,000.00382,395.902,395.900.00380,000.00382,395.90UNITED STATES TREASURY912828WL0US GOV1.50005/31/201905/31/2019N---639,306.64625,000.0099.265007/01/201607/06/2016AaaAA+---629,124.45630,712.571,588.11-8,718.20620,406.25621,994.36UNITED STATES TREASURY912828D80US GOV1.62508/31/201908/31/2019N---536,217.77525,000.0099.062009/29/201609/30/2016AaaAA+---529,192.49532,762.633,570.14-9,116.99520,075.50523,645.64UNITED STATES TREASURY912828WW6US GOV1.62507/31/201907/31/2019N---561,687.50550,000.0099.160009/29/201609/30/2016AaaAA+---554,145.82554,170.1124.29-8,765.82545,380.00545,404.29UNITED STATES TREASURY912828F62US GOV1.50010/31/201910/31/2019N---393,778.13390,000.0098.710011/10/201611/15/2016AaaAA+---391,608.46393,086.861,478.40-6,639.46384,969.00386,447.40UNITED STATES TREASURY912828G61US GOV1.50011/30/201911/30/2019N---295,749.02295,000.0098.613004/04/201704/06/2017AaaAA+---295,380.12296,129.71749.59-4,471.77290,908.35291,657.94UNITED STATES TREASURY912828W22US GOV1.37502/15/202002/15/2020N---119,751.56120,000.0098.128004/04/201704/06/2017AaaAA+---119,865.49120,626.68761.19-2,111.89117,753.60118,514.79UNITED STATES TREASURY912828W63US GOV1.62503/15/202003/15/2020N---266,221.49265,000.0098.406006/26/201706/28/2017AaaAA+---265,736.71267,363.261,626.55-4,960.81260,775.90262,402.45UNITED STATES TREASURY912828J84US GOV1.37503/31/202003/31/2020N---264,378.91265,000.0097.945006/26/201706/28/2017AaaAA+---264,623.25265,847.791,224.54-5,069.00259,554.25260,778.79UNITED STATES TREASURY912828VJ6US GOV1.87506/30/202006/30/2020N---201,820.31200,000.0098.527007/11/201707/13/2017AaaAA+---201,184.32201,510.41326.09-4,130.32197,054.00197,380.09UNITED STATES TREASURY912828G95US GOV1.62512/31/201912/31/2019N---190,749.61190,000.0098.675007/11/201707/13/2017AaaAA+---190,433.19190,701.66268.48-2,950.69187,482.50187,750.98UNITED STATES TREASURY912828U73US GOV1.37512/15/201912/15/2019N---349,302.73350,000.0098.378007/11/201707/13/2017AaaAA+---349,603.11350,221.11618.00-5,280.11344,323.00344,941.00UNITED STATES TREASURY912828XM7US GOV1.62507/31/202007/31/2020N---265,766.02265,000.0097.949009/18/201709/20/2017AaaAA+---265,539.32265,551.0211.70-5,974.47259,564.85259,576.55UNITED STATES TREASURY912828VJ6US GOV1.87506/30/202006/30/2020N---403,125.00400,000.0098.527010/03/201710/05/2017AaaAA+---402,201.11402,853.28652.17-8,093.11394,108.00394,760.17UNITED STATES TREASURY912828XM7US GOV1.62507/31/202007/31/2020N---400,265.62400,000.0097.949010/03/201710/05/2017AaaAA+---400,191.44400,209.1017.66-8,395.44391,796.00391,813.66Holdings Report Trade DateSan Jacinto, City of (66779)As of 07/31/2018Return to Table of ContentsDated: 08/07/201823.A.3.aPacket Pg. 40Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) * 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 TREASURY912828VZ0US GOV2.00009/30/202009/30/2020N---503,847.66500,000.0098.523011/01/201711/03/2017AaaAA+---502,884.59506,245.253,360.66-10,269.59492,615.00495,975.66UNITED STATES TREASURY9128284B3US GOV2.37503/15/202103/15/2021N---339,455.47340,000.0099.050003/26/201803/28/2018AaaAA+---339,517.47342,567.543,050.07-2,747.47336,770.00339,820.07UNITED STATES TREASURY912828A83US GOV2.37512/31/202012/31/2020N---339,707.81340,000.0099.164003/26/201803/28/2018AaaAA+---339,748.80340,450.97702.17-2,591.20337,157.60337,859.77UNITED STATES TREASURY9128283X6US GOV2.25002/15/202102/15/2021N---325,952.35330,000.0098.773007/26/201807/30/2018AaaAA+---325,961.09329,386.443,425.35-10.19325,950.90329,376.25UNITED STATES TREASURY9128284P2US GOV2.62505/15/202105/15/2021N---328,723.83330,000.0099.613007/26/201807/30/2018AaaAA+---328,726.35330,562.421,836.07-3.45328,722.90330,558.97------------03/23/202003/23/2020N---10,461,223.0910,422,485.36---------Aa1AA---10,432,741.3810,477,784.5945,043.21-134,244.5710,298,496.8110,343,540.02Holdings Report Trade DateSan Jacinto, City of (66779)As of 07/31/2018Return to Table of ContentsDated: 08/07/201833.A.3.aPacket Pg. 41Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) Identifier,DescriptionFinal MaturityCurrent UnitsEarned InterestIncomeRealized Gain,Realized LossAccretion IncomeAmortization ExpenseMisc IncomeNet Earned IncomeInterest PaymentReceived,Ending Interest Due9128284P2UNITED STATES TREASURY05/15/2021330,000.0047.080.000.002.520.000.0049.600.000.009128284B3UNITED STATES TREASURY03/15/2021340,000.00680.230.000.0015.250.000.00695.490.000.003137EAEL9FEDERAL HOME LOAN MORTGAGE CORP02/16/2021525,000.001,039.060.000.0094.720.000.001,133.780.000.009128283X6UNITED STATES TREASURY02/15/2021330,000.0041.030.000.008.740.000.0049.770.000.00912828A83UNITED STATES TREASURY12/31/2020340,000.00680.230.000.008.550.000.00688.784,037.500.003137EAEK1FEDERAL HOME LOAN MORTGAGE CORP11/17/2020450,000.00703.130.000.0041.290.000.00744.410.000.00912828VZ0UNITED STATES TREASURY09/30/2020500,000.00846.990.000.000.00-110.680.00736.320.000.00912828XM7UNITED STATES TREASURY07/31/2020265,000.00368.580.000.000.00-22.680.00345.892,153.130.00912828XM7UNITED STATES TREASURY07/31/2020400,000.00556.340.000.000.00-8.040.00548.303,250.000.00912828VJ6UNITED STATES TREASURY06/30/2020200,000.00315.900.000.000.00-51.520.00264.381,875.000.00912828VJ6UNITED STATES TREASURY06/30/2020400,000.00631.790.000.000.00-95.730.00536.063,750.000.00931142EG4WALMART INC06/23/2020325,000.00771.880.000.004.100.000.00775.980.000.0002665WCH2AMERICAN HONDA FINANCE CORP06/16/202075,000.0093.750.000.002.150.000.0095.900.000.00037833CS7APPLE INC05/11/2020125,000.00187.500.000.003.560.000.00191.060.000.00458140AZ3INTEL CORP05/11/2020250,000.00385.420.000.002.650.000.00388.070.000.00912828J84UNITED STATES TREASURY03/31/2020265,000.00308.620.000.0018.930.000.00327.550.000.00912828W63UNITED STATES TREASURY03/15/2020265,000.00362.750.000.000.00-37.750.00325.010.000.0025468PDP8WALT DISNEY CO03/04/2020300,000.00487.500.000.0029.560.000.00517.060.000.00912828W22UNITED STATES TREASURY02/15/2020120,000.00141.300.000.007.380.000.00148.680.000.00594918BV5MICROSOFT CORP02/06/2020150,000.00231.250.000.002.860.000.00234.110.000.00459200JN2INTERNATIONAL BUSINESS MACHINES CORP01/27/2020300,000.00475.000.000.008.170.000.00483.172,850.000.0089236TEJ0TOYOTA MOTOR CREDIT CORP01/10/2020190,000.00348.330.000.007.100.000.00355.442,078.390.00912828G95UNITED STATES TREASURY12/31/2019190,000.00260.090.000.000.00-25.630.00234.461,543.750.00912828U73UNITED STATES TREASURY12/15/2019350,000.00407.620.000.0024.310.000.00431.930.000.00912828G61UNITED STATES TREASURY11/30/2019295,000.00374.800.000.000.00-24.010.00350.790.000.0002665WBZ3AMERICAN HONDA FINANCE CORP11/13/2019125,000.00208.330.000.002.950.000.00211.280.000.00912828F62UNITED STATES TREASURY10/31/2019390,000.00492.800.000.000.00-107.870.00384.920.000.00931142DY6WAL-MART STORES INC10/09/201945,000.0065.630.000.000.040.000.0065.670.000.00375558BR3GILEAD SCIENCES INC09/20/201955,000.0084.790.000.000.810.000.0085.600.000.00037833CZ1APPLE INC09/12/2019120,000.00150.000.000.004.330.000.00154.330.000.00Income Detail Report Trade DateSan Jacinto, City of (66779)07/01/2018 - 07/31/2018Return to Table of ContentsDated: 08/07/201843.A.3.aPacket Pg. 42Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) * Filtered By: Description ¹ "Payable" and Description ¹ "Receivable". * Weighted by: Market Value + Accrued.Identifier,DescriptionFinal MaturityCurrent UnitsEarned InterestIncomeRealized Gain,Realized LossAccretion IncomeAmortization ExpenseMisc IncomeNet Earned IncomeInterest PaymentReceived,Ending Interest Due912828D80UNITED STATES TREASURY08/31/2019525,000.00718.670.000.000.00-324.560.00394.100.000.00594918BN3MICROSOFT CORP08/08/201975,000.0068.750.000.002.210.000.0070.960.000.00912828WW6UNITED STATES TREASURY07/31/2019550,000.00764.960.000.000.00-353.560.00411.404,468.750.00912828WS5UNITED STATES TREASURY06/30/20190.00320.140.00-2,331.110.00-46.500.00-2,057.472,031.250.00912828WL0UNITED STATES TREASURY05/31/2019625,000.00794.060.000.000.00-419.700.00374.360.000.00912828ST8UNITED STATES TREASURY04/30/20190.00211.780.00-2,349.350.00-62.010.00-2,199.570.000.00912828C65UNITED STATES TREASURY03/31/20190.00380.710.00-3,520.010.00-218.120.00-3,357.420.000.00037833CE8APPLE INC02/08/2019150,000.00193.750.000.004.910.000.00198.660.000.00769059XQ4RIVERSIDE CALIF UNI SCH DIST08/01/2018380,000.00399.320.000.000.000.000.00399.320.000.0031846V203FIRST AMER:GVT OBLG;Y07/31/2018102,485.3642.940.000.000.000.000.0042.9461.1742.94------03/23/202010,422,485.3615,642.790.00-8,200.46297.12-1,908.360.005,831.0828,098.9442.94Income Detail Report Trade DateSan Jacinto, City of (66779)07/01/2018 - 07/31/2018Return to Table of ContentsDated: 08/07/201853.A.3.aPacket Pg. 43Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) * 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 Funds06/30/2018---0.000.0061.17912828VJ6UNITED STATES TREASURY0.00Coupon06/30/2018---0.000.005,625.00912828A83UNITED STATES TREASURY0.00Coupon06/30/2018---0.000.004,037.50912828WS5UNITED STATES TREASURY0.00Coupon06/30/2018---0.000.002,031.25912828G95UNITED STATES TREASURY0.00Coupon06/30/2018---0.000.001,543.7531846V203FIRST AMER:GVT OBLG;Y13,237.50Buy07/02/20181.00013,237.500.00-13,237.5031846V203FIRST AMER:GVT OBLG;Y61.17Buy07/03/20181.00061.170.00-61.1731846V203FIRST AMER:GVT OBLG;Y2,078.39Buy07/10/20181.0002,078.390.00-2,078.3989236TEJ0TOYOTA MOTOR CREDIT CORP0.00Coupon07/10/2018---0.000.002,078.39912828C65UNITED STATES TREASURY-50,000.00Sell07/13/201899.535-49,767.58-566.4449,998.4531846V203FIRST AMER:GVT OBLG;Y49,998.45Buy07/13/20181.00049,998.450.00-49,998.4502665WCH2AMERICAN HONDA FINANCE CORP75,000.00Buy07/16/201899.86574,898.750.00-74,898.7531846V203FIRST AMER:GVT OBLG;Y-74,898.75Sell07/16/20181.000-74,898.750.0074,898.75CCYUSDUS DOLLAR0.00Cash Transfer07/25/2018---0.000.00-104.1731846V203FIRST AMER:GVT OBLG;Y-104.17Sell07/25/20181.000-104.170.00104.1731846V203FIRST AMER:GVT OBLG;Y2,850.00Buy07/27/20181.0002,850.000.00-2,850.00459200JN2INTERNATIONAL BUSINESS MACHINES CORP0.00Coupon07/27/2018---0.000.002,850.00912828ST8UNITED STATES TREASURY-215,000.00Sell07/30/201899.184-213,244.73-2,349.35213,909.30912828C65UNITED STATES TREASURY-275,000.00Sell07/30/201899.551-273,764.65-2,953.57275,242.02912828WS5UNITED STATES TREASURY-250,000.00Sell07/30/201899.285-248,212.89-2,331.11248,544.079128283X6UNITED STATES TREASURY330,000.00Buy07/30/201898.773325,952.350.00-329,336.679128284P2UNITED STATES TREASURY330,000.00Buy07/30/201899.613328,723.830.00-330,512.8231846V203FIRST AMER:GVT OBLG;Y77,845.90Buy07/30/20181.00077,845.900.00-77,845.9031846V203FIRST AMER:GVT OBLG;Y9,871.88Buy07/31/20181.0009,871.880.00-9,871.8831846V203FIRST AMER:GVT OBLG;Y0.00Money Market Funds07/31/2018---0.000.0042.94912828WW6UNITED STATES TREASURY0.00Coupon07/31/2018---0.000.004,468.75912828XM7UNITED STATES TREASURY0.00Coupon07/31/2018---0.000.005,403.13------25,940.37---------25,525.45-8,200.4642.94Transactions Realized Gain Loss ReportSan Jacinto, City of (66779)07/01/2018 - 07/31/2018Return to Table of ContentsDated: 08/07/201863.A.3.aPacket Pg. 44Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) Apple Inc.Federal Home Loan Mortgage CorporationIdentifierSecurity TypeDescription,Issuer ConcentrationCurrent UnitsCoupon TypeCallableDurationBookYieldYieldEffectiveMaturity,Final MaturityAccrued BalanceBook Value,Book Value + AccruedMarket Value,Market Value +Accrued% of MarketValue037833CE8CORPAPPLE INCApple Inc.150,000.00FixedN0.5101.5892.30002/08/201902/08/20191,117.29149,970.01151,087.30149,422.50150,539.791.451%037833CS7CORPAPPLE INCApple Inc.125,000.00FixedN1.7271.8352.82105/11/202005/11/2020500.00124,923.65125,423.65122,800.00123,300.001.192%037833CZ1CORPAPPLE INCApple Inc.120,000.00FixedN1.0881.5442.60809/12/201909/12/2019695.00119,942.14120,637.14118,549.20119,244.201.151%---CORPAPPLE INCApple Inc.395,000.00FixedN1.0671.6532.55709/05/201909/05/20192,312.29394,835.80397,148.09390,771.70393,083.993.794%IdentifierSecurity TypeDescription,Issuer ConcentrationCurrent UnitsCoupon TypeCallableDurationBookYieldYieldEffectiveMaturity,Final MaturityAccrued BalanceBook Value,Book Value + AccruedMarket Value,Market Value +Accrued% of MarketValue3137EAEK1AGCY BONDFEDERAL HOME LOAN MORTGAGECORPFederal Home Loan Mortgage Corporation450,000.00FixedN2.2171.9892.76711/17/202011/17/20201,734.38448,851.25450,585.63441,130.50442,864.884.283%3137EAEL9AGCY BONDFEDERAL HOME LOAN MORTGAGECORPFederal Home Loan Mortgage Corporation525,000.00FixedN2.4202.5992.80502/16/202102/16/20215,714.84522,125.78527,840.62519,492.75525,207.595.044%---AGCY BONDFEDERAL HOME LOAN MORTGAGECORPFederal Home Loan Mortgage Corporation975,000.00FixedN2.3272.3182.78801/05/202101/05/20217,449.22970,977.03978,426.25960,623.25968,072.479.328%Issuer Concentration with Yield GASB 40 Trade DateSan Jacinto, City of (66779)As of 07/31/2018Return to Table of ContentsDated: 08/07/201873.A.3.aPacket Pg. 45Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) Gilead Sciences, Inc.Government of the United StatesHonda Motor Co., Ltd.IdentifierSecurity TypeDescription,Issuer ConcentrationCurrent UnitsCoupon TypeCallableDurationBookYieldYieldEffectiveMaturity,Final MaturityAccrued BalanceBook Value,Book Value + AccruedMarket Value,Market Value +Accrued% of MarketValue375558BR3CORPGILEAD SCIENCES INCGilead Sciences, Inc.55,000.00FixedN1.1061.8682.87209/20/201909/20/2019370.2654,988.9655,359.2254,375.2054,745.460.528%375558BR3CORPGILEAD SCIENCES INCGilead Sciences, Inc.55,000.00FixedN1.1061.8682.87209/20/201909/20/2019370.2654,988.9655,359.2254,375.2054,745.460.528%IdentifierSecurity TypeDescription,Issuer ConcentrationCurrent UnitsCoupon TypeCallableDurationBookYieldYieldEffectiveMaturity,Final MaturityAccrued BalanceBook Value,Book Value + AccruedMarket Value,Market Value +Accrued% of MarketValue912828WL0US GOVUNITED STATES TREASURYGovernment of the United States625,000.00FixedN0.8200.7022.39505/31/201905/31/20191,588.11629,124.45630,712.57620,406.25621,994.366.024%912828D80US GOVUNITED STATES TREASURYGovernment of the United States525,000.00FixedN1.0590.8812.50708/31/201908/31/20193,570.14529,192.49532,762.63520,075.50523,645.645.050%912828WW6US GOVUNITED STATES TREASURYGovernment of the United States550,000.00FixedN0.9840.8642.48107/31/201907/31/201924.29554,145.82554,170.11545,380.00545,404.295.296%912828F62US GOVUNITED STATES TREASURYGovernment of the United States390,000.00FixedN1.2231.1662.55410/31/201910/31/20191,478.40391,608.46393,086.86384,969.00386,447.403.738%912828G61US GOVUNITED STATES TREASURYGovernment of the United States295,000.00FixedN1.3051.4022.56411/30/201911/30/2019749.59295,380.12296,129.71290,908.35291,657.942.825%912828W22US GOVUNITED STATES TREASURYGovernment of the United States120,000.00FixedN1.5011.4492.62202/15/202002/15/2020761.19119,865.49120,626.68117,753.60118,514.791.143%912828W63US GOVUNITED STATES TREASURYGovernment of the United States265,000.00FixedN1.5801.4512.63303/15/202003/15/20201,626.55265,736.71267,363.26260,775.90262,402.452.532%912828J84US GOVUNITED STATES TREASURYGovernment of the United States265,000.00FixedN1.6251.4622.64303/31/202003/31/20201,224.54264,623.25265,847.79259,554.25260,778.792.520%912828VJ6US GOVUNITED STATES TREASURYGovernment of the United States200,000.00FixedN1.8631.5602.66806/30/202006/30/2020326.09201,184.32201,510.41197,054.00197,380.091.913%912828G95US GOVUNITED STATES TREASURYGovernment of the United States190,000.00FixedN1.3861.4612.58412/31/201912/31/2019268.48190,433.19190,701.66187,482.50187,750.981.820%912828U73US GOVUNITED STATES TREASURYGovernment of the United States350,000.00FixedN1.3471.4592.58312/15/201912/15/2019618.00349,603.11350,221.11344,323.00344,941.003.343%912828XM7US GOVUNITED STATES TREASURYGovernment of the United States265,000.00FixedN1.9491.5212.68507/31/202007/31/202011.70265,539.32265,551.02259,564.85259,576.552.520%912828VJ6US GOVUNITED STATES TREASURYGovernment of the United States400,000.00FixedN1.8631.5822.66806/30/202006/30/2020652.17402,201.11402,853.28394,108.00394,760.173.827%912828XM7US GOVUNITED STATES TREASURYGovernment of the United States400,000.00FixedN1.9491.6012.68507/31/202007/31/202017.66400,191.44400,209.10391,796.00391,813.663.804%912828VZ0US GOVUNITED STATES TREASURYGovernment of the United States500,000.00FixedN2.0891.7272.70609/30/202009/30/20203,360.66502,884.59506,245.25492,615.00495,975.664.783%9128284B3US GOVUNITED STATES TREASURYGovernment of the United States340,000.00FixedN2.5032.4312.75203/15/202103/15/20213,050.07339,517.47342,567.54336,770.00339,820.073.270%912828A83US GOVUNITED STATES TREASURYGovernment of the United States340,000.00FixedN2.3262.4072.73412/31/202012/31/2020702.17339,748.80340,450.97337,157.60337,859.773.274%9128283X6US GOVUNITED STATES TREASURYGovernment of the United States330,000.00FixedN2.4252.7522.75302/15/202102/15/20213,425.35325,961.09329,386.44325,950.90329,376.253.165%9128284P2US GOVUNITED STATES TREASURYGovernment of the United States330,000.00FixedN2.6582.7692.76905/15/202105/15/20211,836.07328,726.35330,562.42328,722.90330,558.973.192%---US GOVUNITED STATES TREASURYGovernment of the United States6,680,000.00FixedN1.6491.5402.61404/13/202004/13/202025,291.226,695,667.586,720,958.806,595,367.606,620,658.8264.042%Issuer Concentration with Yield GASB 40 Trade DateSan Jacinto, City of (66779)As of 07/31/2018Return to Table of ContentsDated: 08/07/201883.A.3.aPacket Pg. 46Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) Intel CorporationInternational Business Machines CorporationMicrosoft CorporationRiverside Unified School DistrictThe Walt Disney CompanyIdentifierSecurity TypeDescription,Issuer ConcentrationCurrent UnitsCoupon TypeCallableDurationBookYieldYieldEffectiveMaturity,Final MaturityAccrued BalanceBook Value,Book Value + AccruedMarket Value,Market Value +Accrued% of MarketValue02665WBZ3CORPAMERICAN HONDA FINANCE CORPHonda Motor Co., Ltd.125,000.00FixedN1.2502.0292.95811/13/201911/13/2019541.67124,954.55125,496.22123,500.00124,041.671.199%02665WCH2CORPAMERICAN HONDA FINANCE CORPHonda Motor Co., Ltd.75,000.00FixedN1.8073.0743.07606/16/202006/16/202093.7574,900.9074,994.6574,897.2574,991.000.727%---CORPAMERICAN HONDA FINANCE CORPHonda Motor Co., Ltd.200,000.00FixedN1.4602.4203.00302/02/202002/02/2020635.42199,855.46200,490.87198,397.25199,032.671.926%IdentifierSecurity TypeDescription,Issuer ConcentrationCurrent UnitsCoupon TypeCallableDurationBookYieldYieldEffectiveMaturity,Final MaturityAccrued BalanceBook Value,Book Value + AccruedMarket Value,Market Value +Accrued% of MarketValue458140AZ3CORPINTEL CORPIntel Corporation250,000.00FixedN1.7251.8632.88805/11/202005/11/20201,027.78249,943.10250,970.88245,530.00246,557.782.384%458140AZ3CORPINTEL CORPIntel Corporation250,000.00FixedN1.7251.8632.88805/11/202005/11/20201,027.78249,943.10250,970.88245,530.00246,557.782.384%IdentifierSecurity TypeDescription,Issuer ConcentrationCurrent UnitsCoupon TypeCallableDurationBookYieldYieldEffectiveMaturity,Final MaturityAccrued BalanceBook Value,Book Value + AccruedMarket Value,Market Value +Accrued% of MarketValue459200JN2CORPINTERNATIONAL BUSINESS MACHINESCORPInternational Business Machines Corporation300,000.00FixedN1.4541.9332.84601/27/202001/27/202063.33299,855.23299,918.57295,893.00295,956.332.873%459200JN2CORPINTERNATIONAL BUSINESS MACHINESCORPInternational Business MachinesCorporation300,000.00FixedN1.4541.9332.84601/27/202001/27/202063.33299,855.23299,918.57295,893.00295,956.332.873%IdentifierSecurity TypeDescription,Issuer ConcentrationCurrent UnitsCoupon TypeCallableDurationBookYieldYieldEffectiveMaturity,Final MaturityAccrued BalanceBook Value,Book Value + AccruedMarket Value,Market Value +Accrued% of MarketValue594918BN3CORPMICROSOFT CORPMicrosoft Corporation75,000.00FixedN0.9991.1352.51708/08/201908/08/2019396.4674,973.4675,369.9273,936.5074,332.960.718%594918BV5CORPMICROSOFT CORPMicrosoft Corporation150,000.00FixedN1.4661.8732.71102/06/202002/06/20201,348.96149,948.59151,297.55148,096.50149,445.461.438%---CORPMICROSOFT CORPMicrosoft Corporation225,000.00FixedN1.3111.6282.64712/08/201912/08/20191,745.42224,922.05226,667.46222,033.00223,778.422.156%IdentifierSecurity TypeDescription,Issuer ConcentrationCurrent UnitsCoupon TypeCallableDurationBookYieldYieldEffectiveMaturity,Final MaturityAccrued BalanceBook Value,Book Value + AccruedMarket Value,Market Value +Accrued% of MarketValue769059XQ4MUNIRIVERSIDE CALIF UNI SCH DISTRiverside Unified School District380,000.00FixedN0.0001.2610.00008/01/201808/01/20182,395.90380,000.00382,395.90380,000.00382,395.903.690%769059XQ4MUNIRIVERSIDE CALIF UNI SCH DISTRiverside Unified School District380,000.00FixedN0.0001.2610.00008/01/201808/01/20182,395.90380,000.00382,395.90380,000.00382,395.903.690%IdentifierSecurity TypeDescription,Issuer ConcentrationCurrent UnitsCoupon TypeCallableDurationBookYieldYieldEffectiveMaturity,Final MaturityAccrued BalanceBook Value,Book Value + AccruedMarket Value,Market Value +Accrued% of MarketValue25468PDP8CORPWALT DISNEY COThe Walt Disney Company300,000.00FixedN1.5402.0722.98703/04/202003/04/20202,388.75299,430.26301,819.01295,194.00297,582.752.866%Issuer Concentration with Yield GASB 40 Trade DateSan Jacinto, City of (66779)As of 07/31/2018Return to Table of ContentsDated: 08/07/201893.A.3.aPacket Pg. 47Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) Toyota Motor CorporationU.S. BancorpWalmart Inc.Summary * Grouped by: Issuer Concentration. * Groups Sorted by: Issuer Concentration. * Filtered By: Description ¹ "Payable" and Description ¹ "Receivable". * Weighted by: Market Value + Accrued, except Book Yield by Base Book Value + Accrued.IdentifierSecurity TypeDescription,Issuer ConcentrationCurrent UnitsCoupon TypeCallableDurationBookYieldYieldEffectiveMaturity,Final MaturityAccrued BalanceBook Value,Book Value + AccruedMarket Value,Market Value +Accrued% of MarketValue25468PDP8CORPWALT DISNEY COThe Walt Disney Company300,000.00FixedN1.5402.0722.98703/04/202003/04/20202,388.75299,430.26301,819.01295,194.00297,582.752.866%IdentifierSecurity TypeDescription,Issuer ConcentrationCurrent UnitsCoupon TypeCallableDurationBookYieldYieldEffectiveMaturity,Final MaturityAccrued BalanceBook Value,Book Value + AccruedMarket Value,Market Value +Accrued% of MarketValue89236TEJ0CORPTOYOTA MOTOR CREDIT CORPToyota Motor Corporation190,000.00FixedN1.4042.2462.99101/10/202001/10/2020243.83189,877.28190,121.12187,892.90188,136.731.824%89236TEJ0CORPTOYOTA MOTOR CREDIT CORPToyota Motor Corporation190,000.00FixedN1.4042.2462.99101/10/202001/10/2020243.83189,877.28190,121.12187,892.90188,136.731.824%IdentifierSecurity TypeDescription,Issuer ConcentrationCurrent UnitsCoupon TypeCallableDurationBookYieldYieldEffectiveMaturity,Final MaturityAccrued BalanceBook Value,Book Value + AccruedMarket Value,Market Value +Accrued% of MarketValue31846V203MMFUNDFIRST AMER:GVT OBLG;YU.S. Bancorp102,485.36FixedN0.0001.5001.50007/31/201807/31/20180.00102,485.36102,485.36102,485.36102,485.360.995%31846V203MMFUNDFIRST AMER:GVT OBLG;YU.S. Bancorp102,485.36FixedN0.0001.5001.50007/31/201807/31/20180.00102,485.36102,485.36102,485.36102,485.360.995%IdentifierSecurity TypeDescription,Issuer ConcentrationCurrent UnitsCoupon TypeCallableDurationBookYieldYieldEffectiveMaturity,Final MaturityAccrued BalanceBook Value,Book Value + AccruedMarket Value,Market Value +Accrued% of MarketValue931142DY6CORPWAL-MART STORES INCWalmart Inc.45,000.00FixedN1.1601.7512.69610/09/201910/09/2019245.0044,999.3945,244.3944,504.5544,749.550.432%931142EG4CORPWALMART INCWalmart Inc.325,000.00FixedN1.8282.8662.77706/23/202006/23/2020874.79324,903.88325,778.68325,429.00326,303.793.160%---CORP---Walmart Inc.370,000.00FixedN1.7472.7302.76705/23/202005/23/20201,119.79369,903.28371,023.07369,933.55371,053.343.592%IdentifierSecurity TypeDescription,Issuer ConcentrationCurrent UnitsCoupon TypeCallableDurationBookYieldYieldEffectiveMaturity,Final MaturityAccrued BalanceBook Value,Book Value + AccruedMarket Value,Market Value +Accrued% of MarketValue------------10,422,485.36FixedN1.5911.7162.56603/23/202003/23/202045,043.2110,432,741.3810,477,784.5910,298,496.8110,343,540.02100.000%Issuer Concentration with Yield GASB 40 Trade DateSan Jacinto, City of (66779)As of 07/31/2018Return to Table of ContentsDated: 08/07/2018103.A.3.aPacket Pg. 48Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) AGCY BONDCORPIdentifier,Description,Security Type% of MarketValue +AccruedCoupon TypeCallableDurationS&PRating,Moody'sRatingCurrent UnitsEffectiveMaturity,Final MaturityBookYield,YieldAccrued BalanceOriginal CostBook Value,Book Value + AccruedMarket Value,Market Value + Accrued3137EAEK1FEDERAL HOME LOAN MORTGAGE CORPAGCY BOND4.282%FixedN2.217AA+Aaa450,000.0011/17/202011/17/20201.9892.7671,734.38448,533.00448,851.25450,585.63441,130.50442,864.883137EAEL9FEDERAL HOME LOAN MORTGAGE CORPAGCY BOND5.078%FixedN2.420AA+Aaa525,000.0002/16/202102/16/20212.5992.8055,714.84521,808.00522,125.78527,840.62519,492.75525,207.59---FEDERAL HOME LOAN MORTGAGE CORPAGCY BOND9.359%FixedN2.327AA+Aaa975,000.0001/05/202101/05/20212.3182.7887,449.22970,341.00970,977.03978,426.25960,623.25968,072.47Identifier,Description,Security Type% of MarketValue +AccruedCoupon TypeCallableDurationS&PRating,Moody'sRatingCurrent UnitsEffectiveMaturity,Final MaturityBookYield,YieldAccrued BalanceOriginal CostBook Value,Book Value + AccruedMarket Value,Market Value + Accrued594918BN3MICROSOFT CORPCORP0.719%FixedN0.999AAAAaa75,000.0008/08/201908/08/20191.1352.517396.4674,922.7574,973.4675,369.9273,936.5074,332.96594918BV5MICROSOFT CORPCORP1.445%FixedN1.466AAAAaa150,000.0002/06/202002/06/20201.8732.7111,348.96149,899.50149,948.59151,297.55148,096.50149,445.46037833CE8APPLE INCCORP1.455%FixedN0.510AA+Aa1150,000.0002/08/201902/08/20191.5892.3001,117.29149,886.00149,970.01151,087.30149,422.50150,539.79Security Type GASB 40 Trade DateSan Jacinto, City of (66779)As of 07/31/2018Return to Table of ContentsDated: 08/07/2018113.A.3.aPacket Pg. 49Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) MMFUNDMUNIIdentifier,Description,Security Type% of MarketValue +AccruedCoupon TypeCallableDurationS&PRating,Moody'sRatingCurrent UnitsEffectiveMaturity,Final MaturityBookYield,YieldAccrued BalanceOriginal CostBook Value,Book Value + AccruedMarket Value,Market Value + Accrued037833CS7APPLE INCCORP1.192%FixedN1.727AA+Aa1125,000.0005/11/202005/11/20201.8352.821500.00124,872.50124,923.65125,423.65122,800.00123,300.00037833CZ1APPLE INCCORP1.153%FixedN1.088AA+Aa1120,000.0009/12/201909/12/20191.5442.608695.00119,896.80119,942.14120,637.14118,549.20119,244.20931142DY6WAL-MART STORES INCCORP0.433%FixedN1.160AAAa245,000.0010/09/201910/09/20191.7512.696245.0044,999.1044,999.3945,244.3944,504.5544,749.55931142EG4WALMART INCCORP3.155%FixedN1.828AAAa2325,000.0006/23/202006/23/20202.8662.777874.79324,899.25324,903.88325,778.68325,429.00326,303.7989236TEJ0TOYOTA MOTOR CREDIT CORPCORP1.819%FixedN1.404AA-Aa3190,000.0001/10/202001/10/20202.2462.991243.83189,830.90189,877.28190,121.12187,892.90188,136.73459200JN2INTERNATIONAL BUSINESS MACHINESCORPCORP2.861%FixedN1.454A+A1300,000.0001/27/202001/27/20201.9332.84663.33299,712.00299,855.23299,918.57295,893.00295,956.33458140AZ3INTEL CORPCORP2.384%FixedN1.725A+A1250,000.0005/11/202005/11/20201.8632.8881,027.78249,905.00249,943.10250,970.88245,530.00246,557.7825468PDP8WALT DISNEY COCORP2.877%FixedN1.540A+A2300,000.0003/04/202003/04/20202.0722.9872,388.75298,956.00299,430.26301,819.01295,194.00297,582.7502665WBZ3AMERICAN HONDA FINANCE CORPCORP1.199%FixedN1.250A+A2125,000.0011/13/201911/13/20192.0292.958541.67124,930.00124,954.55125,496.22123,500.00124,041.6702665WCH2AMERICAN HONDA FINANCE CORPCORP0.725%FixedN1.807A+A275,000.0006/16/202006/16/20203.0743.07693.7574,898.7574,900.9074,994.6574,897.2574,991.00375558BR3GILEAD SCIENCES INCCORP0.529%FixedN1.106AA355,000.0009/20/201909/20/20191.8682.872370.2654,980.7554,988.9655,359.2254,375.2054,745.46------CORP21.945%FixedN1.450AA-A12,285,000.0001/29/202001/29/20202.0612.8139,906.872,282,589.302,283,611.412,293,518.282,260,020.602,269,927.47Identifier,Description,Security Type% of MarketValue +AccruedCoupon TypeCallableDurationS&PRating,Moody'sRatingCurrent UnitsEffectiveMaturity,Final MaturityBookYield,YieldAccrued BalanceOriginal CostBook Value,Book Value + AccruedMarket Value,Market Value + Accrued31846V203FIRST AMER:GVT OBLG;YMMFUND0.991%FixedN0.000AAAmAaa102,485.3607/31/201807/31/20181.5001.5000.00102,485.36102,485.36102,485.36102,485.36102,485.3631846V203FIRST AMER:GVT OBLG;YMMFUND0.991%FixedN0.000AAAmAaa102,485.3607/31/201807/31/20181.5001.5000.00102,485.36102,485.36102,485.36102,485.36102,485.36Identifier,Description,Security Type% of MarketValue +AccruedCoupon TypeCallableDurationS&PRating,Moody'sRatingCurrent UnitsEffectiveMaturity,Final MaturityBookYield,YieldAccrued BalanceOriginal CostBook Value,Book Value + AccruedMarket Value,Market Value + Accrued769059XQ4RIVERSIDE CALIF UNI SCH DISTMUNI3.697%FixedN0.000AA-Aa2380,000.0008/01/201808/01/20181.2610.0002,395.90380,000.00380,000.00382,395.90380,000.00382,395.90Security Type GASB 40 Trade DateSan Jacinto, City of (66779)As of 07/31/2018Return to Table of ContentsDated: 08/07/2018123.A.3.aPacket Pg. 50Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) US GOVIdentifier,Description,Security Type% of MarketValue +AccruedCoupon TypeCallableDurationS&PRating,Moody'sRatingCurrent UnitsEffectiveMaturity,Final MaturityBookYield,YieldAccrued BalanceOriginal CostBook Value,Book Value + AccruedMarket Value,Market Value + Accrued769059XQ4RIVERSIDE CALIF UNI SCH DISTMUNI3.697%FixedN0.000AA-Aa2380,000.0008/01/201808/01/20181.2610.0002,395.90380,000.00380,000.00382,395.90380,000.00382,395.90Identifier,Description,Security Type% of MarketValue +AccruedCoupon TypeCallableDurationS&PRating,Moody'sRatingCurrent UnitsEffectiveMaturity,Final MaturityBookYield,YieldAccrued BalanceOriginal CostBook Value,Book Value + AccruedMarket Value,Market Value + Accrued912828WL0UNITED STATES TREASURYUS GOV6.013%FixedN0.820AA+Aaa625,000.0005/31/201905/31/20190.7022.3951,588.11639,306.64629,124.45630,712.57620,406.25621,994.36912828D80UNITED STATES TREASURYUS GOV5.063%FixedN1.059AA+Aaa525,000.0008/31/201908/31/20190.8812.5073,570.14536,217.77529,192.49532,762.63520,075.50523,645.64912828WW6UNITED STATES TREASURYUS GOV5.273%FixedN0.984AA+Aaa550,000.0007/31/201907/31/20190.8642.48124.29561,687.50554,145.82554,170.11545,380.00545,404.29912828F62UNITED STATES TREASURYUS GOV3.736%FixedN1.223AA+Aaa390,000.0010/31/201910/31/20191.1662.5541,478.40393,778.13391,608.46393,086.86384,969.00386,447.40912828G61UNITED STATES TREASURYUS GOV2.820%FixedN1.305AA+Aaa295,000.0011/30/201911/30/20191.4022.564749.59295,749.02295,380.12296,129.71290,908.35291,657.94912828W22UNITED STATES TREASURYUS GOV1.146%FixedN1.501AA+Aaa120,000.0002/15/202002/15/20201.4492.622761.19119,751.56119,865.49120,626.68117,753.60118,514.79912828W63UNITED STATES TREASURYUS GOV2.537%FixedN1.580AA+Aaa265,000.0003/15/202003/15/20201.4512.6331,626.55266,221.49265,736.71267,363.26260,775.90262,402.45912828J84UNITED STATES TREASURYUS GOV2.521%FixedN1.625AA+Aaa265,000.0003/31/202003/31/20201.4622.6431,224.54264,378.91264,623.25265,847.79259,554.25260,778.79912828VJ6UNITED STATES TREASURYUS GOV1.908%FixedN1.863AA+Aaa200,000.0006/30/202006/30/20201.5602.668326.09201,820.31201,184.32201,510.41197,054.00197,380.09912828G95UNITED STATES TREASURYUS GOV1.815%FixedN1.386AA+Aaa190,000.0012/31/201912/31/20191.4612.584268.48190,749.61190,433.19190,701.66187,482.50187,750.98912828U73UNITED STATES TREASURYUS GOV3.335%FixedN1.347AA+Aaa350,000.0012/15/201912/15/20191.4592.583618.00349,302.73349,603.11350,221.11344,323.00344,941.00912828XM7UNITED STATES TREASURYUS GOV2.510%FixedN1.949AA+Aaa265,000.0007/31/202007/31/20201.5212.68511.70265,766.02265,539.32265,551.02259,564.85259,576.55912828VJ6UNITED STATES TREASURYUS GOV3.816%FixedN1.863AA+Aaa400,000.0006/30/202006/30/20201.5822.668652.17403,125.00402,201.11402,853.28394,108.00394,760.17912828XM7UNITED STATES TREASURYUS GOV3.788%FixedN1.949AA+Aaa400,000.0007/31/202007/31/20201.6012.68517.66400,265.62400,191.44400,209.10391,796.00391,813.66912828VZ0UNITED STATES TREASURYUS GOV4.795%FixedN2.089AA+Aaa500,000.0009/30/202009/30/20201.7272.7063,360.66503,847.66502,884.59506,245.25492,615.00495,975.669128284B3UNITED STATES TREASURYUS GOV3.285%FixedN2.503AA+Aaa340,000.0003/15/202103/15/20212.4312.7523,050.07339,455.47339,517.47342,567.54336,770.00339,820.07912828A83UNITED STATES TREASURYUS GOV3.266%FixedN2.326AA+Aaa340,000.0012/31/202012/31/20202.4072.734702.17339,707.81339,748.80340,450.97337,157.60337,859.77Security Type GASB 40 Trade DateSan Jacinto, City of (66779)As of 07/31/2018Return to Table of ContentsDated: 08/07/2018133.A.3.aPacket Pg. 51Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) Summary * Grouped by: Security Type. * Groups Sorted by: Security Type. * Filtered By: Description ¹ "Payable" and Description ¹ "Receivable". * Weighted by: Market Value + Accrued, except Book Yield by Base Book Value + Accrued.Identifier,Description,Security Type% of MarketValue +AccruedCoupon TypeCallableDurationS&PRating,Moody'sRatingCurrent UnitsEffectiveMaturity,Final MaturityBookYield,YieldAccrued BalanceOriginal CostBook Value,Book Value + AccruedMarket Value,Market Value + Accrued9128283X6UNITED STATES TREASURYUS GOV3.184%FixedN2.425AA+Aaa330,000.0002/15/202102/15/20212.7522.7533,425.35325,952.35325,961.09329,386.44325,950.90329,376.259128284P2UNITED STATES TREASURYUS GOV3.196%FixedN2.658AA+Aaa330,000.0005/15/202105/15/20212.7692.7691,836.07328,723.83328,726.35330,562.42328,722.90330,558.97---UNITED STATES TREASURYUS GOV64.008%FixedN1.649AA+Aaa6,680,000.0004/13/202004/13/20201.5402.61425,291.226,725,807.436,695,667.586,720,958.806,595,367.606,620,658.82Identifier,Description,Security Type% of MarketValue +AccruedCoupon TypeCallableDurationS&PRating,Moody'sRatingCurrent UnitsEffectiveMaturity,Final MaturityBookYield,YieldAccrued BalanceOriginal CostBook Value,Book Value + AccruedMarket Value,Market Value + Accrued---------100.000%FixedN1.591AAAa110,422,485.3603/23/202003/23/20201.7162.56645,043.2110,461,223.0910,432,741.3810,477,784.5910,298,496.8110,343,540.02Security Type GASB 40 Trade DateSan Jacinto, City of (66779)As of 07/31/2018Return to Table of ContentsDated: 08/07/2018143.A.3.aPacket Pg. 52Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) Identifier,Description,Security TypeInterest/DividendReceivedTransfers In/OutPurchasesPurchasedAccruedIncomeSalesDisposed AccruedMaturities andRedemptionsPaydownsNet RealizedGain/LossBeginning OriginalCost,Ending Original CostBeginning MarketValue,Ending Market Value31846V203FIRST AMER:GVT OBLG;YMMFUND61.170.00155,943.290.00-75,002.920.000.000.000.0021,544.99102,485.3621,544.99102,485.36CCYUSDCashCASH0.00-104.170.000.000.000.000.000.000.000.000.000.000.00CCYUSDReceivableCASH0.000.000.000.000.000.000.000.000.0013,298.6742.9413,298.6742.94912828ST8UNITED STATES TREASURYUS GOV0.000.000.000.00-213,244.73-664.570.000.00-2,349.35217,326.360.00213,092.950.00769059XQ4RIVERSIDE CALIF UNI SCH DISTMUNI0.000.000.000.000.000.000.000.000.00380,000.00380,000.00379,669.40380,000.00912828WL0UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00639,306.64639,306.64620,212.50620,406.25912828C65UNITED STATES TREASURYUS GOV0.000.000.000.00-323,532.23-1,708.240.000.00-3,520.01333,239.260.00323,423.750.00594918BN3MICROSOFT CORPCORP0.000.000.000.000.000.000.000.000.0074,922.7574,922.7573,836.0073,936.50912828D80UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00536,217.77536,217.77520,238.25520,075.50912828WW6UNITED STATES TREASURYUS GOV4,468.750.000.000.000.000.000.000.000.00561,687.50561,687.50545,462.50545,380.00912828F62UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00393,778.13393,778.13385,152.30384,969.00459200JN2INTERNATIONAL BUSINESSMACHINES CORPCORP2,850.000.000.000.000.000.000.000.000.00299,712.00299,712.00296,052.00295,893.00594918BV5MICROSOFT CORPCORP0.000.000.000.000.000.000.000.000.00149,899.50149,899.50148,078.50148,096.50037833CE8APPLE INCCORP0.000.000.000.000.000.000.000.000.00149,886.00149,886.00149,214.00149,422.5025468PDP8WALT DISNEY COCORP0.000.000.000.000.000.000.000.000.00298,956.00298,956.00295,017.00295,194.00912828G61UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00295,749.02295,749.02291,011.60290,908.35912828W22UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00119,751.56119,751.56117,856.80117,753.60037833CS7APPLE INCCORP0.000.000.000.000.000.000.000.000.00124,872.50124,872.50122,876.25122,800.00458140AZ3INTEL CORPCORP0.000.000.000.000.000.000.000.000.00249,905.00249,905.00246,077.50245,530.00912828W63UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00266,221.49266,221.49261,054.15260,775.90912828J84UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00264,378.91264,378.91259,843.10259,554.25Portfolio Activity SummarySan Jacinto, City of (66779)07/01/2018 - 07/31/2018Return to Table of ContentsDated: 08/07/2018153.A.3.aPacket Pg. 53Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) Identifier,Description,Security TypeInterest/DividendReceivedTransfers In/OutPurchasesPurchasedAccruedIncomeSalesDisposed AccruedMaturities andRedemptionsPaydownsNet RealizedGain/LossBeginning OriginalCost,Ending Original CostBeginning MarketValue,Ending Market Value912828VJ6UNITED STATES TREASURYUS GOV1,875.000.000.000.000.000.000.000.000.00201,820.31201,820.31197,420.00197,054.00912828G95UNITED STATES TREASURYUS GOV1,543.750.000.000.000.000.000.000.000.00190,749.61190,749.61187,625.00187,482.50912828U73UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00349,302.73349,302.73344,515.50344,323.00037833CZ1APPLE INCCORP0.000.000.000.000.000.000.000.000.00119,896.80119,896.80118,506.00118,549.20375558BR3GILEAD SCIENCES INCCORP0.000.000.000.000.000.000.000.000.0054,980.7554,980.7554,330.1054,375.20912828WS5UNITED STATES TREASURYUS GOV2,031.250.000.000.00-248,212.89-331.180.000.00-2,331.11251,044.920.00248,202.500.00912828XM7UNITED STATES TREASURYUS GOV2,153.130.000.000.000.000.000.000.000.00265,766.02265,766.02260,010.05259,564.85912828VJ6UNITED STATES TREASURYUS GOV3,750.000.000.000.000.000.000.000.000.00403,125.00403,125.00394,840.00394,108.00912828XM7UNITED STATES TREASURYUS GOV3,250.000.000.000.000.000.000.000.000.00400,265.62400,265.62392,468.00391,796.00931142DY6WAL-MART STORES INCCORP0.000.000.000.000.000.000.000.000.0044,999.1044,999.1044,517.6044,504.55912828VZ0UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00503,847.66503,847.66493,730.00492,615.0002665WBZ3AMERICAN HONDA FINANCE CORPCORP0.000.000.000.000.000.000.000.000.00124,930.00124,930.00123,560.00123,500.003137EAEK1FEDERAL HOME LOAN MORTGAGECORPAGCY BOND0.000.000.000.000.000.000.000.000.00448,533.00448,533.00441,684.00441,130.5089236TEJ0TOYOTA MOTOR CREDIT CORPCORP2,078.390.000.000.000.000.000.000.000.00189,830.90189,830.90188,274.80187,892.909128284B3UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00339,455.47339,455.47337,912.40336,770.00912828A83UNITED STATES TREASURYUS GOV4,037.500.000.000.000.000.000.000.000.00339,707.81339,707.81338,204.80337,157.603137EAEL9FEDERAL HOME LOAN MORTGAGECORPAGCY BOND0.000.000.000.000.000.000.000.000.00521,808.00521,808.00520,936.50519,492.75931142EG4WALMART INCCORP0.000.000.000.000.000.000.000.000.00324,899.25324,899.25325,841.75325,429.0002665WCH2AMERICAN HONDA FINANCE CORPCORP0.000.0074,898.750.000.000.000.000.000.000.0074,898.750.0074,897.259128283X6UNITED STATES TREASURYUS GOV0.000.00325,952.35-3,384.320.000.000.000.000.000.00325,952.350.00325,950.909128284P2UNITED STATES TREASURYUS GOV0.000.00328,723.83-1,788.990.000.000.000.000.000.00328,723.830.00328,722.90Portfolio Activity SummarySan Jacinto, City of (66779)07/01/2018 - 07/31/2018Return to Table of ContentsDated: 08/07/2018163.A.3.aPacket Pg. 54Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) * Weighted by: Ending Market Value + Accrued.Identifier,Description,Security TypeInterest/DividendReceivedTransfers In/OutPurchasesPurchasedAccruedIncomeSalesDisposed AccruedMaturities andRedemptionsPaydownsNet RealizedGain/LossBeginning OriginalCost,Ending Original CostBeginning MarketValue,Ending Market Value---------28,098.94-104.17885,518.22-5,173.31-859,992.77-2,703.990.000.00-8,200.4610,465,617.0010,461,266.0310,295,591.2110,298,539.75Portfolio Activity SummarySan Jacinto, City of (66779)07/01/2018 - 07/31/2018Return to Table of ContentsDated: 08/07/2018173.A.3.aPacket Pg. 55Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) Additional Disclosure:The information on this website is for general purposes only and is not intended to provide specific advice or recommendations. All information presented on this website is obtained via electronic data transfer from theCustodian. While this information is reconciled on a daily basis, when available, accuracy is relied upon from the Custodian. Please review the data carefully. Should you have any questions regarding the informationpresented, calculation methodology, investment portfolio or security detail, or any other facet of the data, please feel free to contact us.This data is intended to detail our investment advisory activity as well as the activity of any client accounts managed by Public Trust Advisors, LLC (Public Trust). The custodian bank maintains the control of assets andexecutes 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 statement with their custodian bank statement. Many custodians use a settlement date basis which may result in the need to reconcile due to a timing difference.Please contact your relationship manager or call our toll free number 855-395-3954 with questions regarding your account.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.Pricing sources from our reporting platform are provided by Clearwater Analytics®. Clearwater utilizes a hierarchical pricing model with multiple options for pricing sources. These options include custodial pricing, S&P CapitalIQ and other sources. Since multiple pricing hierarchies are offered through Clearwater Analytics, and client preferences regarding pricing sources may differ, it is important to verify the specific pricing hierarchy for eachportfolio. Securities with short maturities and infrequent secondary market trades are typically priced via mathematical calculations. The securities in this investment portfolio, including shares of mutual funds, are notguaranteed or otherwise protected by Public Trust, the FDIC (except for certain non-negotiable certificates of deposit) or any government agency, unless otherwise specifically stated. Investing involves risk, including thepossible loss of principal.Past performance is not an indicator of future performance or results.Public Trust statements present beginning and ending balances and are based on Market Value plus accrued interest on a Trade Date basis. Customized reports made available to the end user either from Public Trust orthrough 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. Custom reports may also differfrom the information received from the custodian as a result of additional formulas and filters created based on end user preferences.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 please contact us at the address below.Public Trust Advisors717 17th St. Suite 1850Denver, CO 802023.A.3.aPacket Pg. 56Attachment: 2018-19 July Treasurers Report (Treasurer’s Report at July 31, 2018) September 4, 2018 TO: City Council REQUESTED BY: Tom Prill, Finance Director APPROVED BY: Robert A. Johnson, City Manager SUBJECT: Warrants and Disbursements – July 2018 RECOMMENDATION: Staff recommends that the City Council review and approve Warrants and Disbursements for the period of July 1 - 31, 2018 in the amount of $ 5,971,484.25. DISCUSSION: The City Council in its oversight role formally reviews disbursements of City funds made by Accounts Payable warrants, bi-weekly payrolls and electronic funds (wire) transfers. The following information is provided for such review and approval: Warrants/Wire Pay Date Amount Accounts Payable: # 122085-122365 Various $ 4,208,214.01 Payroll: Pay Period # 14 # 23009-23015 07/05/2018 $ 141,911.96 Includes Warrants, Direct Deposits, Taxes, Garnishments Payroll: Pay Period # 15 # 23016-23021 07/19/2018 $ 135,965.85 Includes Warrants, Direct Deposits, Taxes, Garnishments Electronic Funds Various $ 1,485,392.43 Total Disbursements – Period of July 1-31, 2018 $ 5,971,484.25 Known Councilmember Conflicts: Kotyuk: Check #s 122272, 122328. Prepared by: Judy Kelley, Account Clerk II Note: Payroll information is on file in the Finance Department. FISCAL IMPACT: Expenditures by warrant, payroll direct deposit and electronic funds (wire) transfers have been appropriated. ATTACHMENTS: Warrant Register July 31, 2018 3.A.4 Packet Pg. 57 Warrant RegisterCity of San Jacinto7/31/2018Page 1Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total1220857/3/2018Shawn blakely50Band entertainment010-2510-425.40-041,100.001,100.001220867/6/2018CweaREQUEST 070218Gr 2 cert renew/a. mullen050-9000-450.31-2090.0090.001220877/6/2018Eastern municipal water districtREQUEST 063018Water service325-8831-500.35-10732.485,140.02REQUEST 063018Water service326-8831-500.35-101,445.04REQUEST 063018Water service341-8831-500.35-101,488.14REQUEST 063018Water service345-8831-500.35-101,353.20REQUEST 063018Water service355-8831-500.35-1067.30REQUEST 063018Water service353-8831-500.35-1053.861220887/6/2018Fedex corporation6-214-11557Delivery service010-9600-960.21-6520.88182.256-214-11557Delivery service011-3300-431.21-6525.256-222-21379Delivery service010-1210-412.21-6561.456-222-21379Delivery service010-1110-411.21-6574.671220897/6/2018Frontier communicationsREQUEST 070318Telephone service010-6500-425.35-1647.3847.381220907/6/2018Gosch toyota2062291Parts, labor unit 958010-3320-431.33-50247.95247.951220917/6/2018Image sourceAR776942Contract base rate charge010-4200-410.34-05310.00310.001220927/6/2018Maintenance superintendents assoc.REQUEST 070118Membership / a. ramirez010-4150-410.30-1660.0060.001220937/6/2018Pacific alarm service,inc.R 139665Alarm service010-3100-431.34-05134.85134.851220947/6/2018Prill, thomasREQUEST 062718Reimb r/w/b beads purch048-4800-410.36-1526.0826.081220957/6/2018Randel,travisREQUEST 070218Meal per diem011-1700-417.31-2080.0080.001220967/6/2018Shara taylor ltd. inc.6222018Annual tracking srvc fee010-3100-431.30-90479.40479.401220977/6/2018Southern california edisonREQUEST 063018Electricity service010-4150-410.35-1446.892,402.43REQUEST 063018Electricity service010-6500-425.35-14171.47REQUEST 063018Electricity service010-7100-410.35-1423.37REQUEST 063018Electricity service025-7260-410.35-1432.83REQUEST 063018Electricity service308-8831-500.35-1473.85REQUEST 063018Electricity service311-8831-500.35-14106.60REQUEST 063018Electricity service320-8831-500.35-1477.86REQUEST 063018Electricity service325-8831-500.35-1424.39REQUEST 063018Electricity service327-8831-500.35-1427.75REQUEST 063018Electricity service331-8831-500.35-1454.29REQUEST 063018Electricity service338-8831-500.35-1424.493.A.4.aPacket Pg. 58Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 2Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total122097...7/6/2018...Southern california edison...REQUEST 063018Electricity service339-8831-500.35-1424.212,402.43...REQUEST 063018Electricity service341-8831-500.35-1424.73REQUEST 063018Electricity service342-8831-500.35-1437.93REQUEST 063018Electricity service343-8831-500.35-1497.25REQUEST 063018Electricity service362-8831-500.35-1480.82REQUEST 063018Electricity service376-8831-500.35-1430.86REQUEST 063018Electricity service359-8831-500.35-14111.69REQUEST 063018Electricity service010-4150-410.35-14284.41REQUEST 063018Electricity service010-4150-410.35-14-0.03REQUEST 063018Electricity service305-8831-500.35-14143.19REQUEST 063018Electricity service308-8831-500.35-14415.50REQUEST 063018Electricity service311-8831-500.35-14206.23REQUEST 063018Electricity service321-8831-500.35-143.23REQUEST 063018Electricity service323-8831-500.35-143.23REQUEST 063018Electricity service331-8831-500.35-14191.37REQUEST 063018Electricity service343-8831-500.35-143.23REQUEST 063018Electricity service369-8831-500.35-146.45REQUEST 063018Electricity service312-8831-500.35-145.01REQUEST 063018Electricity service321-8831-500.35-146.06REQUEST 063018Electricity service322-8831-500.35-1418.38REQUEST 063018Electricity service323-8831-500.35-146.06REQUEST 063018Electricity service334-8831-500.35-140.73REQUEST 063018Electricity service335-8831-500.35-140.83REQUEST 063018Electricity service336-8831-500.35-140.95REQUEST 063018Electricity service337-8831-500.35-140.53REQUEST 063018Electricity service339-8831-500.35-141.05REQUEST 063018Electricity service342-8831-500.35-140.41REQUEST 063018Electricity service343-8831-500.35-146.06REQUEST 063018Electricity service367-8831-500.35-146.13REQUEST 063018Electricity service369-8831-500.35-1412.12REQUEST 063018Electricity service380-8831-500.35-145.01REQUEST 063018Electricity service388-8831-500.35-145.013.A.4.aPacket Pg. 59Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 3Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total1220987/6/2018Staples business advantage, inc.3381347746Office supplies010-4200-410.21-10302.80718.793381347747Office supplies010-4200-410.21-1026.173381347749Office supplies010-1110-411.21-1071.963381347749Office supplies010-2500-425.21-10216.193381347750Office supplies010-1110-411.21-1020.303381347750Office supplies010-2500-425.21-1081.371220997/6/2018Usc foundation15718Water purveyor mbrship050-9000-450.31-20200.00200.001221007/6/2018Verizon wireless9808825452Motor ticket rprt writers024-3100-431.21-9060.9160.911221017/6/2018Williamson, derekREQUEST 070218Meal per diem017-2290-418.31-20240.00240.001221027/6/2018Windstream (formerly paetec)70254472Communication service010-2500-425.35-161,028.221,028.221221037/6/2018Xerox financial services1213569Lease - 3 copiers010-2500-425.34-052,336.512,550.651213569Lease - 1 copier010-3100-431.34-05214.141221047/13/2018Abm janitorial services12512722March-may 2018 rate retro010-3100-431.34-051,930.651,930.651221057/13/2018Aflac192791Premium june 2018085-0000-202.21-271,397.051,397.051221067/13/2018Albert a. webb associates, inc.181821Services thru 4/28/2018199-9999-425.40-016,092.006,197.00181931Services thru 4/28/2018199-9999-425.40-01105.001221077/13/2018Alice hoeferREQUEST 070218Refund water deposit050-0000-229.08-70129.96129.961221087/13/2018Alltech industries inc595117Patrol service june 2018301-8831-500.34-05312.007,175.90595117Patrol service june 2018303-8831-500.34-05312.00595117Patrol service june 2018307-8831-500.34-05312.00595117Patrol service june 2018308-8831-500.34-05312.00595117Patrol service june 2018311-8831-500.34-05312.00595117Patrol service june 2018313-8831-500.34-05312.00595117Patrol service june 2018320-8831-500.34-05312.00595117Patrol service june 2018321-8831-500.34-05311.90595117Patrol service june 2018322-8831-500.34-05312.00595117Patrol service june 2018325-8831-500.34-05312.00595117Patrol service june 2018326-8831-500.34-05312.00595117Patrol service june 2018327-8831-500.34-05312.00595117Patrol service june 2018329-8831-500.34-05312.00595117Patrol service june 2018331-8831-500.34-05312.003.A.4.aPacket Pg. 60Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 4Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total122108...7/13/2018...Alltech industries inc...595117Patrol service june 2018332-8831-500.34-05312.007,175.90...595117Patrol service june 2018338-8831-500.34-05312.00595117Patrol service june 2018341-8831-500.34-05312.00595117Patrol service june 2018343-8831-500.34-05312.00595117Patrol service june 2018345-8831-500.34-05312.00595117Patrol service june 2018353-8831-500.34-05312.00595117Patrol service june 2018355-8831-500.34-05312.00595117Patrol service june 2018362-8831-500.34-05312.00595117Patrol service june 2018376-8831-500.34-05312.001221097/13/2018American fence co. inc.2079557Temp fence 6/26-7/25/18010-3320-431.34-05100.00100.001221107/13/2018American forensic nurses, inc.709321 blood draw010-3100-431.34-0546.7046.701221117/13/2018Anady's trophies, inc.107585Name plate /j. youhouse010-4200-410.21-1015.7715.771221127/13/2018Anna grayREQUEST 070218Refund water deposit050-0000-229.08-7043.8843.881221137/13/2018Aramark uniform1450117657Uniform service010-7101-410.21-354.79769.211450117657Uniform service010-7100-410.21-3514.371450117658Floor mat service050-1400-414.34-059.261450117658Floor mat service010-4200-410.34-0515.671450117659Uniform service010-4150-410.21-3510.001450117660Uniform service010-4140-410.21-3514.371450117660Uniform service050-9000-450.21-3526.271450117660Uniform service055-4170-450.21-3514.371450129112Uniform service010-7101-410.21-354.791450129112Uniform service010-7100-410.21-3514.371450129113Floor mat service050-1400-414.34-059.261450129113Floor mat service010-4200-410.34-0515.671450129114Uniform service010-4150-410.21-3510.001450129115Uniform service010-4140-410.21-3514.371450129115Uniform service050-9000-450.21-3526.271450129115Uniform service055-4170-450.21-3563.161450140613Uniform service010-7101-410.21-354.791450140613Uniform service010-7100-410.21-3514.371450140614Floor mat service050-1400-414.34-059.263.A.4.aPacket Pg. 61Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 5Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total122113...7/13/2018...Aramark uniform...1450140614Floor mat service010-4200-410.34-0515.67769.21...1450140615Uniform service010-4150-410.21-3510.001450140616Uniform service010-4140-410.21-3514.371450140616Uniform service050-9000-450.21-35301.871450140616Uniform service055-4170-450.21-3519.161450152162Uniform service010-7101-410.21-354.791450152162Uniform service010-7100-410.21-3514.371450152163Floor mat service050-1400-414.34-059.261450152163Floor mat service010-4200-410.34-0515.671450152164Uniform service010-4150-410.21-3510.001450152165Uniform service010-4140-410.21-3514.371450152165Uniform service050-9000-450.21-3525.111450152165Uniform service055-4170-450.21-3519.161221147/13/2018Armorcast products company, inc.0193107-INRotocast boxes,covers,lid050-9000-450.21-123,012.583,012.581221157/13/2018Azavar audit,inc.14533Sce audit / #35 of 36010-1400-414.30-9015.9615.961221167/13/2018Babcock laboratories, inc.BF82225-0278Coliforms p/a by mmo/mug050-9000-450.30-9070.001,070.00BF82241-0278General physical analysis050-9000-450.30-9030.00BF82269-0278Haloacetic acids, trihalo050-9000-450.30-90780.00BF82425-0278Iron by icp, manganese050-9000-450.30-90120.00BF82492-0278Coliforms p/a by mmo/mug050-9000-450.30-9070.001221177/13/2018Barba, danielREQUEST 063018Reimburse h/d/v/ expense010-2500-425.11-9062.3862.381221187/13/2018Best best & krieger, llp823076Matter # 2448.50000065-0000-211.21-31170.001,752.50823076Matter # 2448.50000065-0000-211.21-0155.00823076Matter # 2448.50000065-0000-211.21-20127.00823076Matter # 2448.50000065-0000-211.21-20281.50823076Matter # 2448.50000065-0000-211.21-20165.00823076Matter # 2448.50000065-0000-211.21-01954.001221197/13/2018Bmw motorcycles of riverside, inc.6019290Parts & labor024-3100-431.33-503,040.923,040.921221207/13/2018Brenntag pacific, inc.BPI849210Sodium hypochlorite050-9000-450.21-121,003.332,799.26BPI847375Sodium hypochlorite050-9000-450.21-121,795.931221217/13/2018Brithinee electric inc.W1005912Grand well motor maint050-9000-450.33-304,681.784,681.783.A.4.aPacket Pg. 62Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 6Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total1221227/13/2018Calpers supplemental income plansREQUEST 0705187/5/2018, sip # 452544085-0000-202.21-291,947.372,379.82REQUEST 070518Pers repaymt sip # 452544085-0000-202.21-28432.451221237/13/2018Carlson & associates, llc290Sgc services june 2018199-9999-425.40-012,776.202,776.201221247/13/2018Carranza, kevinREQUEST 062718Reimburse h/d/v/ expense010-2500-425.11-9035.0035.001221257/13/2018Castillo-calderon, isauroREQUEST 062518Reimburse h/d/v/ expense010-2500-425.11-90136.67136.671221267/13/2018Catron, janREQUEST 062618Reimburse h/d/v/ expense010-2500-425.11-90264.98264.981221277/13/2018Ced - san jacinto, inc.2983-5105912 ballast010-4150-410.21-1241.42106.512983-5106562 ballast,reflex stripper010-4150-410.21-1265.091221287/13/2018Centro de albanza oasisREQUEST 070218Refund water deposit050-0000-229.08-7045.3645.361221297/13/2018Circle of safe-t, inc.572Sart exam010-3100-431.30-901,100.001,100.001221307/13/2018Community now, inc.2016-SJSRTSServices provided199-9999-425.40-019,783.389,783.381221317/13/2018Nutrien ag solutions,inc(crop prod)36644279Makaze, turf trax010-4140-410.21-141,492.381,555.2336654908Ez act pump010-4140-410.21-1462.851221327/13/2018D.m.c. tree care1512Remove 1 alder tree025-7251-410.34-05390.00390.001221337/13/2018Dangelo co inc.S1341500.001Gsk meters050-9000-450.21-1219.4619.461221347/13/2018Dave's hauling061918/BASIN26AClean up basin326-8831-500.34-05300.0012,920.00062118/BASIN26BClean up basin326-8831-500.34-05300.00062218/COOPERVacant lot clean up362-8831-500.34-05200.00062718/COTTONWDClean up basin306-8831-500.34-05500.00062718/KIRBY BAClean up basin307-8831-500.34-05100.00062818/SAGECRESClean up basin301-8831-500.34-05150.0006282018Clean major city streets010-4150-410.34-056,000.00062918/SAV-RAMOMonthly easement clean up305-8831-500.34-05200.0006292018Park/landscape trash srvc301-8831-500.34-0540.0006292018Park/landscape trash srvc307-8831-500.34-0520.0006292018Park/landscape trash srvc308-8831-500.34-0580.0006292018Park/landscape trash srvc311-8831-500.34-05220.0006292018Park/landscape trash srvc313-8831-500.34-0580.0006292018Park/landscape trash srvc320-8831-500.34-05120.0006292018Park/landscape trash srvc321-8831-500.34-0540.0006292018Park/landscape trash srvc322-8831-500.34-05120.003.A.4.aPacket Pg. 63Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 7Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total122134...7/13/2018...Dave's hauling...06292018Park/landscape trash srvc325-8831-500.34-0580.0012,920.00...06292018Park/landscape trash srvc326-8831-500.34-0580.0006292018Park/landscape trash srvc327-8831-500.34-0560.0006292018Park/landscape trash srvc329-8831-500.34-0560.0006292018Park/landscape trash srvc331-8831-500.34-0560.0006292018Park/landscape trash srvc332-8831-500.34-0580.0006292018Park/landscape trash srvc338-8831-500.34-0580.0006292018Park/landscape trash srvc341-8831-500.34-0540.0006292018Park/landscape trash srvc343-8831-500.34-0540.0006292018Park/landscape trash srvc345-8831-500.34-05160.0006292018Park/landscape trash srvc346-8831-500.34-0560.0006292018Park/landscape trash srvc353-8831-500.34-0520.0006292018Park/landscape trash srvc355-8831-500.34-0520.0006292018Park/landscape trash srvc362-8831-500.34-0520.0006292018Park/landscape trash srvc363-8831-500.34-05100.0006292018Park/landscape trash srvc367-8831-500.34-0560.0006292018Park/landscape trash srvc376-8831-500.34-05540.0006292018Park/landscape trash srvc025-7252-410.34-0520.0006292018Park/landscape trash srvc025-7252-410.34-0540.0006292018Park/landscape trash srvc025-7252-410.34-0520.0006292018Park/landscape trash srvc025-7252-410.34-0520.0006292018Park/landscape trash srvc025-7100-410.34-0520.0006292018Park/landscape trash srvc025-7100-410.34-05100.0006292018Park/landscape trash srvc025-7100-410.34-05720.0006292018Park/landscape trash srvc025-7252-410.34-051,260.0006292018Park/landscape trash srvc025-7100-410.34-0560.0006292018Park/landscape trash srvc025-7100-410.34-0550.0006292018Park/landscape trash srvc025-7250-410.34-05140.0006292018Park/landscape trash srvc010-7100-410.34-0520.0006292018Park/landscape trash srvc010-3100-431.34-0520.0006292018State street bus stops010-4150-410.34-05400.001221357/13/2018David leonard associates32Sgc services june 2018199-9999-425.40-01187.50187.503.A.4.aPacket Pg. 64Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 8Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total1221367/13/2018David taussig & associates, inc.1805176Srvcs provided may 2018199-9999-425.40-011,543.201,543.201221377/13/2018Dewey pest control inc.11954277Pest control srvc july'18034-3200-431.34-0539.0084.0011940262Pest control srvc july'18010-2500-425.34-0545.001221387/13/2018Division of the state architectREQUEST 063018Dsa796 collected apr-june065-0000-201.09-081,028.00102.80REQUEST 063018Dsa796 collected apr-june010-0000-310.07-96-925.201221397/13/2018Eastern municipal water districtREQUEST 063018Sewer/trash settlemt june055-0000-308.07-30-43,999.5773,063.83REQUEST 063018Sewer/trash settlemt june055-0000-201.20-40117,063.401221407/13/2018Elite customs constructionEC-LDSC72Maintenance june 2018308-8831-500.34-051,790.0026,040.00EC-LDSC72Maintenance june 2018308-8831-500.34-05100.00EC-LDSC72Maintenance june 2018313-8831-500.34-051,690.00EC-LDSC72Maintenance june 2018321-8831-500.34-051,000.00EC-LDSC72Maintenance june 2018323-8831-500.34-05200.00EC-LDSC72Maintenance june 2018323-8831-500.34-0550.00EC-LDSC72Maintenance june 2018326-8831-500.34-052,050.00EC-LDSC72Maintenance june 2018326-8831-500.34-05100.00EC-LDSC72Maintenance june 2018332-8831-500.34-051,300.00EC-LDSC72Maintenance june 2018332-8831-500.34-05100.00EC-LDSC72Maintenance june 2018343-8831-500.34-053,100.00EC-LDSC72Maintenance june 2018345-8831-500.34-052,000.00EC-LDSC72Maintenance june 2018345-8831-500.34-05100.00EC-LDSC72Maintenance june 2018346-8831-500.34-05730.00EC-LDSC72Maintenance june 2018346-8831-500.34-05100.00EC-LDSC72Maintenance june 2018362-8831-500.34-05320.00EC-LDSC72Maintenance june 2018362-8831-500.34-0550.00EC-MED72Trouble shoot electrical025-7250-410.34-05325.00EC-VLVECHK72Valve check maint june'18308-8831-500.34-05430.00EC-VLVECHK72Valve check maint june'18313-8831-500.34-05295.00EC-VLVECHK72Valve check maint june'18321-8831-500.34-05205.00EC-VLVECHK72Valve check maint june'18323-8831-500.34-0570.00EC-VLVECHK72Valve check maint june'18326-8831-500.34-05430.00EC-VLVECHK72Valve check maint june'18332-8831-500.34-05225.00EC-VLVECHK72Valve check maint june'18343-8831-500.34-05390.003.A.4.aPacket Pg. 65Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 9Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total122140...7/13/2018...Elite customs construction...EC-VLVECHK72Valve check maint june'18345-8831-500.34-05485.0026,040.00...EC-VLVECHK72Valve check maint june'18346-8831-500.34-05225.00EC-VLVECHK72Valve check maint june'18362-8831-500.34-05140.00EC-Z8IR72Irrigation repairs308-8831-500.34-05432.00EC-Z13IR72Irrigation repairs313-8831-500.34-0534.00EC-Z21IR72Irrigation repairs321-8831-500.34-0570.00EC-Z23IR72Irrigation repairs323-8831-500.34-05294.00EC-Z26IR72Irrigation repairs326-8831-500.34-05315.00EC-Z3272Irrigation repairs332-8831-500.34-05550.00EC-Z32IR72Irrigation repairs332-8831-500.34-05127.00EC-Z43IR72Irrigation repairs343-8831-500.34-05278.00EC-Z4572Emergency mainline repair345-8831-500.34-055,800.00EC-Z45IR72Irrigation repairs345-8831-500.34-05116.00EC-Z46IR72Irrigation repairs346-8831-500.34-0516.00EC-Z62IR72Irrigation repair362-8831-500.34-058.001221417/13/2018Employment screening services, inc39987440590Background check010-1210-412.30-90148.00148.001221427/13/2018Engie services (formerly opterra)11319Monitoring fees may 2018050-9000-450.34-05325.292,859.2111320Maintenance fee may 2018050-9000-450.34-051,382.8811321Monitoring fees may 2018050-9000-450.34-05300.2111322Maintenance fees may 2018050-9000-450.34-05850.831221437/13/2018Ewing incorporation5618918Irrigation supplies025-7251-410.34-0585.561,298.695618918Irrigation supplies025-7250-410.34-05412.685618918Irrigation supplies025-7252-410.34-05144.645628347Irrigation supplies010-7100-410.21-12242.445679639Irrigation supplies010-7100-410.21-12413.371221447/13/2018Eyemed vision care163540231Premium july 2018085-0000-202.21-35787.47795.34163540231Cobra premium july 2018065-0000-201.08-647.871221457/13/2018Ez sunnyday landscape2913Maintenance june 2018025-7100-410.34-05440.0027,148.002913Maintenance june 2018025-7100-410.34-05630.002913Maintenance june 2018025-7100-410.34-05606.002913Maintenance june 2018025-7250-410.34-0541.002913Maintenance june 2018025-7250-410.34-0563.003.A.4.aPacket Pg. 66Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 10Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total122145...7/13/2018...Ez sunnyday landscape...2913Maintenance june 2018010-7100-410.34-0564.0027,148.00...2913Maintenance june 2018025-7250-410.34-0547.002913Maintenance june 2018025-7250-410.34-0549.002913Maintenance june 2018025-7250-410.34-0599.002913Maintenance june 2018025-7250-410.34-0569.002913Maintenance june 2018025-7250-410.34-0575.002913Maintenance june 2018025-7251-410.34-051,000.002913Maintenance june 2018025-7252-410.34-05700.002913Maintenance june 2018025-7252-410.34-05300.002913Maintenance june 2018025-7252-410.34-05475.002913Maintenance june 2018025-7252-410.34-05475.002913Maintenance june 2018025-7252-410.34-05475.002913Maintenance june 2018025-7252-410.34-05475.002913Maintenance june 2018025-7252-410.34-05495.002913Maintenance june 2018025-7252-410.34-05355.002913Maintenance june 2018025-7250-410.34-05100.002913Maintenance june 2018025-7250-410.34-05143.002913Maintenance june 2018302-8831-500.34-05150.002913Maintenance june 2018304-8831-500.34-0522.002913Maintenance june 2018025-7252-410.34-052,115.752913Maintenance june 2018301-8831-500.34-051,900.002913Maintenance june 2018301-8831-500.34-05131.752913Maintenance june 2018316-8831-500.34-0531.002913Maintenance june 2018317-8831-500.34-0541.002913Maintenance june 2018319-8831-500.34-05112.002913Maintenance june 2018320-8831-500.34-05900.002913Maintenance june 2018322-8831-500.34-05800.002913Maintenance june 2018367-8831-500.34-05250.002913Maintenance june 2018025-7250-410.34-05140.002913Maintenance june 2018368-8831-500.34-0532.502913Maintenance june 2018025-7250-410.34-05400.002913Maintenance june 2018331-8831-500.34-05215.003.A.4.aPacket Pg. 67Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 11Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total122145...7/13/2018...Ez sunnyday landscape...2913Maintenance june 2018310-8831-500.34-05150.0027,148.00...2913Maintenance june 2018309-8831-500.34-05950.002913Maintenance june 2018025-7252-410.34-05500.002913Maintenance june 2018025-7252-410.34-05500.002913Maintenance june 2018025-7250-410.34-05600.002913Maintenance june 2018331-8831-500.34-0560.002913Maintenance june 2018322-8831-500.34-05135.002913Maintenance june 2018320-8831-500.34-05175.002913Maintenance june 2018319-8831-500.34-05200.002913Maintenance june 2018304-8831-500.34-0535.002914Maintenance june 2018010-7100-410.34-05220.002914Maintenance june 2018025-7100-410.34-05320.002914Maintenance june 2018025-7250-410.34-05100.002914Maintenance june 2018025-7250-410.34-05200.002914Maintenance june 2018376-8831-500.34-051,575.002914Maintenance june 2018025-7250-410.34-05200.002914Maintenance june 2018359-8831-500.34-05650.002914Maintenance june 2018025-7250-410.34-05225.002914Maintenance june 2018339-8831-500.34-05100.002914Maintenance june 2018025-7250-410.34-0565.002914Maintenance june 2018025-7252-410.34-05395.002914Maintenance june 2018025-7252-410.34-05295.002914Maintenance june 2018025-7252-410.34-05245.002914Maintenance june 2018025-7252-410.34-05395.002914Maintenance june 2018025-7100-410.34-05195.002914Maintenance june 2018025-7100-410.34-05175.002867Irrigation checks,repairs025-7252-410.34-05893.002869Irrigation checks,repairs025-7252-410.34-05127.002870Lateral repair station 7310-8831-500.34-0545.002871Repair battery drip line025-7250-410.34-0545.002872Replace battery clock025-7250-410.34-0545.002873Irrigation checks,repairs025-7250-410.34-0580.003.A.4.aPacket Pg. 68Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 12Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total122145...7/13/2018...Ez sunnyday landscape...2874Irriagation checks025-7250-410.34-0515.0027,148.00...2875Irrigation checks025-7100-410.34-05100.002876Irrigation repairs376-8831-500.34-05281.002877Irrigation checks025-7250-410.34-055.002878Irrigation checks316-8831-500.34-0510.002879Irrigation checks317-8831-500.34-055.002880Irrigation checks,repairs301-8831-500.34-05273.002915Irrigation repairs367-8831-500.34-0545.002916Irrigation repairs025-7250-410.34-0570.002917Irrigation repairs025-7250-410.34-05180.002918Lateral repair station 2010-7100-410.34-0545.002919Irrigation repairs331-8831-500.34-0533.002920Irrigation repairs025-7252-410.34-0545.002921Irrigation repairs319-8831-500.34-05180.002922Irrigation repairs025-7250-410.34-0545.002923Irrigation repairs367-8831-500.34-0590.002924Irrigation repairs025-7250-410.34-05135.002925Irrigation repairs025-7252-410.34-0574.002926Irrigation repairs025-7252-410.34-05205.002927Irrigation repairs322-8831-500.34-05102.002928Trouble shoot timer309-8831-500.34-0545.002929Irrigation repairs010-7100-410.34-05225.002930Irrigation repairs025-7252-410.34-05229.002931Irrigation repairs025-7252-410.34-05143.002932Irrigation repairs376-8831-500.34-0554.002934Irrigation repairs025-7250-410.34-0567.002935Irrigation repairs025-7252-410.34-0590.002936Irrigation repairs025-7100-410.34-0545.001221467/13/2018Frontier communicationsREQUEST 070918Telephone service010-3100-431.35-16221.90403.61REQUEST 070918Telephone service010-4200-410.35-16181.711221477/13/2018Gilberto luna-murrilloREQUEST 070218Refund water deposit050-0000-229.08-7012.0812.081221487/13/2018HarrisMN00108190Annual support050-1400-414.34-054,737.359,474.703.A.4.aPacket Pg. 69Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 13Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total122148...7/13/2018...Harris...MN00108190Annual support055-1400-414.34-054,737.359,474.70...1221497/13/2018Hartford life insurance companiesREQUEST 0705187/5/2018, group # 109947085-0000-202.21-291,000.001,000.001221507/13/2018Hemet industrial supply47430Misc. hardware, labor050-9000-450.21-8053.02705.524744420' used k rail307-8831-500.21-12652.501221517/13/2018Hemet valley pipe & supply185702Diablo steel 5 pk010-7100-410.21-1215.0515.051221527/13/2018Hemet valley tool, inc.128249Proto 13/16" socket010-4140-410.21-8027.9127.911221537/13/2018Horizon water9-4-1200-063018Drinking water service010-2500-425.21-1036.00252.009-4-3100-063018Drinking water service010-3100-431.21-10184.509-4-3300-063018Drinking water service010-2500-425.21-1031.501221547/13/2018Huffman electric940Electrical service332-8831-500.34-05710.501,510.00941Electrical service309-8831-500.34-05199.50942Float switch010-4140-410.21-12175.00943Float switch010-4140-410.21-12175.00944Float switch010-4140-410.21-12125.00945Float switch010-4140-410.21-12125.001221557/13/2018Icma retirement trustREQUEST 0705187/5/2018, group # 300434085-0000-202.21-29600.00600.001221567/13/2018Iron mountain inc.ACXZ180Storage service july 2018010-2500-425.30-90102.00102.001221577/13/2018J homero cuevas velasquezREQUEST 070218Refund water deposit050-0000-229.08-7079.2579.251221587/13/2018Jim's backflow service062018-CAWSTONBackflow test326-8831-500.34-0550.00600.00062018-DE ANZABackflow test338-8831-500.34-0550.00062018-ECHO RDBackflow test376-8831-500.34-0550.00062018-W.ESPLANBackflow test343-8831-500.34-0550.00062018-E. EVANSBackflow test304-8831-500.34-0550.00062018-KATRINABackflow test317-8831-500.34-0550.00062018-KIRBYBackflow test308-8831-500.34-0550.00062018-OVERTONBackflow test343-8831-500.34-0550.00062018-PINE AVEBackflow test343-8831-500.34-0550.00062018-SAN JACBackflow test319-8831-500.34-0550.00062018-SHELBRANBackflow test364-8831-500.34-0550.00062018-WILD THYBackflow test362-8831-500.34-0550.001221597/13/2018Jpw communications, llc1252San jac power postcards048-1400-414.36-10403.75403.753.A.4.aPacket Pg. 70Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 14Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total1221607/13/2018Kaiser foundation health plan, inc678729604-0718Premium august 2018085-0000-202.21-395,838.835,838.831221617/13/2018Ktua planning & landscape architect30283Service provided may 2018199-9999-425.40-0114,820.0014,820.001221627/13/2018Lawrence boatrightREQUEST 070218Refund water deposit050-0000-229.08-7037.1037.101221637/13/2018Leverage information systems, inc1831108Service provided010-3100-431.34-051,000.001,000.001221647/13/2018M & r property managementREQUEST 070218Refund water deposit050-0000-229.08-7078.6978.691221657/13/2018Marquez, ernestREQUEST 062818Reimburse h/d/v/ expense010-2500-425.11-9098.7298.721221667/13/2018Minuteman press, inc.40307Jrc mailer048-1400-414.36-105,854.056,020.8740343Weekly enrollment notices048-1400-414.36-10166.821221677/13/2018Mobile modular management corp.R20459924-NDFinal payment for modular048-4200-410.40-452,786.0811,144.33R20459924-NDFinal payment for modular010-4200-410.40-458,358.251221687/13/2018Monarch landscape llc, inc.1804Maintenance june 2018305-8831-500.34-05650.0015,719.001804Maintenance june 2018306-8831-500.34-05300.001804Maintenance june 2018306-8831-500.34-05100.001804Maintenance june 2018341-8831-500.34-05800.001804Maintenance june 2018341-8831-500.34-05100.001804Maintenance june 2018353-8831-500.34-05400.001804Maintenance june 2018355-8831-500.34-05400.001804Maintenance june 2018365-8831-500.34-05125.001804Maintenance june 2018365-8831-500.34-0550.001804Maintenance june 2018025-7100-410.34-05400.001804Maintenance june 2018025-7250-410.34-05200.001804Maintenance june 2018303-8831-500.34-051,400.001804Maintenance june 2018307-8831-500.34-051,850.001804Maintenance june 2018307-8831-500.34-05100.001804Maintenance june 2018311-8831-500.34-051,300.001804Maintenance june 2018311-8831-500.34-05100.001804Maintenance june 2018325-8831-500.34-05800.001804Maintenance june 2018327-8831-500.34-051,400.001804Maintenance june 2018327-8831-500.34-05100.001804Maintenance june 2018329-8831-500.34-051,100.001804Maintenance june 2018329-8831-500.34-05100.003.A.4.aPacket Pg. 71Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 15Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total122168...7/13/2018...Monarch landscape llc, inc....1804Maintenance june 2018338-8831-500.34-051,900.0015,719.00...1804Maintenance june 2018351-8831-500.34-05250.001805Main line repairs025-7100-410.34-05630.001806Irrigation repairs341-8831-500.34-05275.001807Irrigation repairs329-8831-500.34-05140.001808Irrigation repairs325-8831-500.34-05289.001809Irrigation repairs306-8831-500.34-05236.001810Irrigation repairs311-8831-500.34-05224.001221697/13/2018Mullen, arthurREQUEST 063018Reimb workboot purchase050-9000-450.21-35200.00200.001221707/13/2018National safety compliance, inc.73640Annual epn reports010-4200-410.34-0512.0012.001221717/13/2018Nbs local government solutions, inc51800028Consulting services033-0000-229.07-002,000.002,000.001221727/13/2018Overnight industrial supply,inc.13713Park bathroom supplies010-7100-410.21-12285.16604.1613730Gloves, misc supplies055-4170-450.21-12207.9613739Roll liners025-7252-410.34-05111.041221737/13/2018Pacific alarm service,inc.R 140039Alarm service june 2018010-6500-425.34-0538.001,297.00R 140039Alarm service june 2018010-2500-425.34-05124.00R 140039Alarm service june 2018050-9000-450.34-05191.50R 140039Alarm service june 2018010-4200-410.34-05217.50R 140039Alarm service june 2018010-3100-431.34-0577.50R 140047Alarm service july 2018010-6500-425.34-0538.00R 140047Alarm service july 2018010-2500-425.34-05124.00R 140047Alarm service july 2018050-9000-450.34-05191.50R 140047Alarm service july 2018010-4200-410.34-05217.50R 140047Alarm service july 2018010-3100-431.34-0577.501221747/13/2018Paisley, sharonREQUEST 062618Reimburse h/d/v/ expense010-2500-425.11-9040.0040.001221757/13/2018Plumb line surveying, inc13218017Services provided010-9600-960.30-906,250.006,250.001221767/13/2018Preferred benefit insurance admin.EIA24878Premium july 2018085-0000-202.21-323,576.443,613.44EIA24878Cobra premium july 2018065-0000-201.08-6437.001221777/13/2018Press enterprise0011138560Legal advertising011-1700-417.36-25267.30699.600011138895Legal advertising011-1700-417.36-25432.301221787/13/2018Prill, thomasREQUEST 063018Reimburse h/d/v/ expense010-2500-425.11-90166.31166.313.A.4.aPacket Pg. 72Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 16Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total1221797/13/2018Pro care landscape services, inc24336Rodent removal service025-7250-410.34-05160.002,210.0024337Rodent removal service025-7252-410.34-05230.0024338Monthly service327-8831-500.34-05330.0024338Monthly service307-8831-500.34-05450.0024338Monthly service338-8831-500.34-05450.0024338Monthly service305-8831-500.34-05230.0024338Monthly service376-8831-500.34-05360.001221807/13/2018Probity automotive specialists,inc.13216Oil, filter, labor #301050-9000-450.33-5090.981,874.2713230Labor, parts unit 308050-9000-450.33-501,783.291221817/13/2018R.a.rispalje construction112Remove,dg,relocate,plant355-8831-500.34-054,257.7533,232.18115Main st lndscpe enhancemt025-7250-410.34-058,227.80116Main st tree replacements025-7250-410.34-051,275.75117Parking lot lndscpe enhan025-7250-410.34-0510,917.38118Weed abatement, clean up363-8831-500.34-052,222.00119Landscape plant replacemt010-7100-410.34-056,331.501221827/13/2018Ramirez, andyREQUEST 062818Reimburse h/d/v/ expense010-2500-425.11-9015.0030.00REQUEST 063018Reimburse h/d/v/ expense010-2500-425.11-9015.001221837/13/2018Ramirez, ritaREQUEST 063018Reimburse h/d/v/ expense010-2500-425.11-90165.58165.581221847/13/2018Regional conservation authorityREQUEST 063018Fees for june 2018065-0000-201.08-8146,713.0046,713.001221857/13/2018Rightway site services, inc.233707Rent/labor 6/26-7/23/2018010-4200-410.34-05345.45345.451221867/13/2018Riverside countyPU0000004425Fleet fuel may 2018050-9000-450.21-70898.084,090.48PU0000004425Fleet fuel may 2018055-4170-450.21-70394.88PU0000004425Fleet fuel may 2018010-4150-410.21-70457.99PU0000004425Fleet fuel may 2018010-4140-410.21-70162.50PU0000004425Fleet fuel may 2018010-7100-410.21-70986.62PU0000004425Fleet fuel may 2018010-7101-410.21-70293.72PU0000004425Fleet fuel may 2018011-3300-431.21-70183.17PU0000004425Fleet fuel may 2018010-3320-431.21-70294.25PU0000004425Fleet fuel may 2018010-3100-431.21-70419.271221877/13/2018Riverside countyTL0000014128Signal light maint may'18010-4150-410.32-0514,096.9614,096.961221887/13/2018Riverside county department ofIN0322704Environment health permit050-9000-450.30-90842.004,405.003.A.4.aPacket Pg. 73Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 17Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total122188...7/13/2018...Riverside county department of...IN0323010Environment health permit050-9000-450.30-901,616.004,405.00...IN0322772Environment health permit050-9000-450.30-90842.00IN0322940Environment health permit050-9000-450.30-901,105.001221897/13/2018Riverside county fire department232795Fire srvcs 1/1-3/31/2018034-3200-431.34-04444,791.92794,559.22232795Fire srvcs 1/1-3/31/2018010-3200-431.34-04349,767.301221907/13/2018Riverside county info technologyIT00000020723 apx 7500m dual bands024-3100-431.34-05590.97590.971221917/13/2018Riverside county ofAC0000001595Lafco admin fees010-2500-425.31-253,985.233,985.231221927/13/2018Riverside county sheriff departmentSH0000033208Contract law bp #12010-3100-431.34-04680,532.72753,176.20SH0000033208Contract law bp #12010-3100-431.34-045,297.28SH0000033208Contract law bp #12010-3100-431.34-0618,537.82SH0000033208Contract law bp #12034-3100-431.34-0448,808.381221937/13/2018Riverside county sheriff explorersREQUEST 070218Academy registration fees065-0000-229.09-13875.00875.001221947/13/2018Rodriguez, deborahREQUEST 062818Reimburse h/d/v/ expense010-2500-425.11-90164.21338.87REQUEST 063018Reimburse h/d/v/ expense010-2500-425.11-9015.00REQUEST 070918Reimburse h/d/v/ expense010-2500-425.11-90159.661221957/13/2018Row traffic safety inc16006Class 3 vests010-4150-410.21-3563.57158.9316006Class 3 vests010-4140-410.21-3531.7916006Class 3 vests010-7100-410.21-3563.571221967/13/2018San jacinto electric, inc.4287Electrical service010-4200-410.40-453,675.007,350.004287Electrical service048-4200-410.40-453,675.001221977/13/2018San jacinto petty cash, city ofREQUEST 063018Spirit comittee purchases010-2500-425.21-10100.91241.91REQUEST 063018Water/food counc meeting010-1100-411.31-2036.23REQUEST 063018City hall supplies010-2500-425.21-1023.96REQUEST 063018Fuel unit 351050-9000-450.21-7020.35REQUEST 063018Car wash unit 414010-4150-410.33-5013.00REQUEST 063018Car wash unit 954 & 6m010-4200-410.33-5024.99REQUEST 071018Coffee - meeting with cm010-2500-425.21-1022.471221987/13/2018Southern california edisonREQUEST 063018Electricity service010-4150-410.35-14147.3824,383.55REQUEST 063018Electricity service010-4200-410.35-1426.38REQUEST 063018Electricity service025-7260-410.35-1411,847.32REQUEST 063018Electricity service050-9000-450.35-14777.233.A.4.aPacket Pg. 74Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 18Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total122198...7/13/2018...Southern california edison...REQUEST 063018Electricity service323-8831-500.35-1473.1424,383.55...REQUEST 063018Electricity service332-8831-500.35-1475.57REQUEST 063018Electricity service353-8831-500.35-1450.37REQUEST 063018Electricity service348-8831-500.35-1447.80REQUEST 063018Electricity service359-8831-500.35-1414.52REQUEST 063018Electricity service332-8831-500.35-1446.95REQUEST 063018Electricity service346-8831-500.35-1415.93REQUEST 063018Electricity service010-4150-410.35-141,937.94REQUEST 063018Electricity service010-4150-410.35-140.03REQUEST 063018Electricity service010-4150-410.35-1463.98REQUEST 063018Electricity service025-7260-410.35-1427.61REQUEST 063018Electricity service302-8831-500.35-14222.59REQUEST 063018Electricity service306-8831-500.35-14225.72REQUEST 063018Electricity service308-8831-500.35-14682.44REQUEST 063018Electricity service309-8831-500.35-14283.51REQUEST 063018Electricity service310-8831-500.35-14338.44REQUEST 063018Electricity service311-8831-500.35-14209.20REQUEST 063018Electricity service314-8831-500.35-1411.72REQUEST 063018Electricity service315-8831-500.35-143.03REQUEST 063018Electricity service316-8831-500.35-1447.08REQUEST 063018Electricity service319-8832-500.35-1421.79REQUEST 063018Electricity service322-8831-500.35-14423.68REQUEST 063018Electricity service324-8831-500.35-1435.85REQUEST 063018Electricity service325-8831-500.35-14522.18REQUEST 063018Electricity service326-8831-500.35-141,024.07REQUEST 063018Electricity service327-8831-500.35-14552.48REQUEST 063018Electricity service330-8831-500.35-14177.34REQUEST 063018Electricity service332-8831-500.35-14588.92REQUEST 063018Electricity service333-8831-500.35-14138.08REQUEST 063018Electricity service335-8831-500.35-1474.60REQUEST 063018Electricity service336-8831-500.35-1416.92REQUEST 063018Electricity service337-8831-500.35-14169.963.A.4.aPacket Pg. 75Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 19Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total122198...7/13/2018...Southern california edison...REQUEST 063018Electricity service340-8831-500.35-1462.7824,383.55...REQUEST 063018Electricity service341-8831-500.35-14313.97REQUEST 063018Electricity service342-8831-500.35-149.94REQUEST 063018Electricity service343-8831-500.35-14660.07REQUEST 063018Electricity service345-8831-500.35-14908.47REQUEST 063018Electricity service346-8831-500.35-14478.27REQUEST 063018Electricity service352-8831-500.35-145.86REQUEST 063018Electricity service354-8831-500.35-1411.00REQUEST 063018Electricity service360-8831-500.35-14106.39REQUEST 063018Electricity service366-8831-500.35-1426.55REQUEST 063018Electricity service367-8831-500.35-1491.07REQUEST 063018Electricity service369-8831-500.35-1413.94REQUEST 063018Electricity service371-8831-500.35-1414.75REQUEST 063018Electricity service373-8831-500.35-1414.98REQUEST 063018Electricity service375-8831-500.35-1424.78REQUEST 063018Electricity service376-8831-500.35-14521.20REQUEST 063018Electricity service385-8831-500.35-1425.26REQUEST 063018Electricity service388-8831-500.35-1415.93REQUEST 063018Electricity service389-8831-500.35-1450.05REQUEST 063018Electricity service390-8831-500.35-1427.29REQUEST 063018Electricity service391-8831-500.35-1425.60REQUEST 063018Electricity service309-8831-500.35-144.53REQUEST 063018Electricity service367-8831-500.35-1449.121221997/13/2018Southwest pump & drilling, inc.1806-016Grand well rehab050-9000-450.33-3012,450.0079,587.721806-017Grand well rehab050-9000-450.33-3067,137.721222007/13/2018Star auto parts211239Tail light010-4140-410.33-509.479.471222017/13/2018State controller's officeFAUD-00001337Annual street report srvc021-1400-414.32-052,448.662,448.661222027/13/2018State of california dept of justice309809Analysis may 2018010-3100-431.34-05420.00420.001222037/13/2018Sullens, prestonREQUEST 063018Reimburse h/d/v/ expense010-2500-425.11-9020.0020.001222047/13/2018Talley metal fabrication, inc.31011Automatic gate service010-4200-410.33-1085.0085.001222057/13/2018Tele-works, inc9640Annual subscription050-1400-414.34-05455.50911.009640Annual subscription055-1400-414.34-05455.503.A.4.aPacket Pg. 76Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 20Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total1222067/13/2018Time warner cable0543731070118Service 7/10/-8/9/2018017-2290-418.34-20377.77377.771222077/13/2018Time warner cable -city hall acct066798501070118Service july 2018017-2290-418.34-20629.44629.441222087/13/2018Tony's tires06252018Tire patch unit 351050-9000-450.33-5015.0065.0007022018Tire plug / golf cart050-9000-450.33-5010.00070320181 used tire unit 601010-7100-410.33-5040.001222097/13/2018Tracy amezquitaREQUEST 070218Refund water deposit050-0000-229.08-70121.97121.971222107/13/2018Tri lake consultants, inc.41863Services june 2018010-4100-410.30-905,267.7511,320.2541864Services june 2018065-0000-211.21-01330.0041865Services june 2018065-0000-211.21-01660.0041867Services june 2018065-0000-211.21-01880.0041868Services june 2018065-0000-211.21-01660.0041869Services june 2018065-0000-211.21-01220.0041870Services june 2018011-4100-410.30-90150.0041871Services june 2018011-4100-410.30-90425.0041895Services june 2018199-9999-425.40-011,702.5041896Services june 2018199-9999-425.40-011,025.001222117/13/2018U.s. healthworks medical group, pc3345675-CABasic pe / a. barron010-1210-412.30-90140.00410.003349255-CABasic pe / d. figueroa010-1210-412.30-90135.003349255-CABasic pe / j. villarroel010-1210-412.30-90135.001222127/13/2018Union bank - trust department1102971Sj redev agency 2005 tabs187-9700-470.30-901,908.001,908.001222137/13/2018Voyager fleet systems, inc.869158709826Fleet fuel055-4170-450.21-70422.891,244.09869158709826Fleet fuel010-4150-410.21-70223.14869158709826Fleet fuel010-7100-410.21-7050.42869158709826Fleet fuel050-9000-450.21-70299.54869158709826Fleet fuel024-3100-431.21-70248.101222147/13/2018Waxie sanitary supply77449146Misc. supplies010-3100-431.21-303,035.153,035.151222157/13/2018Western riverside councilREQUEST 063018Fees for june 2018065-0000-201.08-80239,571.00239,571.001222167/13/2018William lyon homes inc.REQUEST 063018Refund overpaid mshcp fee065-0000-201.08-8110,155.0010,155.001222177/13/2018Windstream (formerly paetec)70248652Communication service010-3100-431.35-161,243.531,243.531222187/13/2018Yarnall, reneREQUEST 062618Reimburse h/d/v/ expense010-2500-425.11-9040.0040.001222197/13/2018Youhouse, josephREQUEST 063018Reimburse h/d/v/ expense010-2500-425.11-9021.8021.803.A.4.aPacket Pg. 77Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 21Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total1222207/16/2018Drop zone, standguard aquaticsREQUEST 071618Deposit payment010-2510-425.40-1210,000.0010,000.001222217/20/2018Acorn technology corporation50809May 2018 i.t. service017-2290-418.34-204,735.0045,000.0050916June 2018 i.t. service017-2290-418.34-204,735.0050976July 2018 i.t. service017-2290-418.34-204,735.0007132018Final payment010-1111-431.36-9030,795.001222227/20/2018Adt security services, inc.665667900Alarm srvc 7/22-8/21/2018010-6100-425.34-0544.9944.991222237/20/2018Al's kubota tractor125395Maint service / chainsaw010-3200-431.33-30165.69165.691222247/20/2018Bank of america business cardREQUEST 063018Diamond bright dry clean010-1100-411.31-2056.0056.001222257/20/2018Bank of america business cardREQUEST 063018Bni books050-9000-450.21-35187.37187.371222267/20/2018Bank of america business cardREQUEST 063018Usps.com010-1400-414.21-656.70588.40REQUEST 063018Usps.com010-1400-414.21-656.70REQUEST 071218Ca debt invest adv regist102-1400-500.31-20275.00REQUEST 071218Ca debt invest adv regist102-1400-500.31-20150.00REQUEST 071218Ca debt invest adv regist102-1400-500.31-20150.001222277/20/2018Bank of america business cardREQUEST 063018Plaza hotel065-0000-229.09-131,073.801,073.801222287/20/2018Bank of america business cardREQUEST 063018Credit/global experience010-9600-960.36-15-315.281,211.62REQUEST 063018Litle italy010-1100-411.31-2029.10REQUEST 071218Icsc010-9600-960.36-151,230.00REQUEST 071218Amazon marketplace010-2510-425.40-0448.49REQUEST 071218Sales tax not charged010-0000-201.20-45-3.49REQUEST 071218Otc brands010-2510-425.40-04224.85REQUEST 071218Sales tax not cahrged010-0000-201.20-45-13.66REQUEST 071218Facebook ad010-2510-425.40-0411.611222297/20/2018Bank of america business cardREQUEST 063018Quality logo products048-4800-410.36-15983.825,992.80REQUEST 063018Sales tax not charged010-0000-201.20-45-59.49REQUEST 063018Swag brokers048-4800-410.36-15484.50REQUEST 063018Sales tax not charged010-0000-201.20-45-31.78REQUEST 063018International e-z up048-4800-410.40-451,053.64REQUEST 063018International e-z up010-9600-960.40-451,053.63REQUEST 0630184imprint048-4800-410.36-152,508.481222307/20/2018Bank of america business cardREQUEST 063018Walmart010-4200-410.21-8071.211,403.003.A.4.aPacket Pg. 78Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 22Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total122230...7/20/2018...Bank of america business card...REQUEST 071218Andy gump010-2510-425.40-041,331.791,403.00...1222317/20/2018Bank of america business cardREQUEST 071218Apa conference011-1700-417.31-20545.00545.001222327/20/2018Bank of america business cardREQUEST 071218The emblem authority010-3100-431.21-35802.74745.00REQUEST 071218Sales tax not charged010-0000-201.20-45-57.741222337/20/2018Bank of america business cardREQUEST 063018Amazon marketplace017-2290-418.21-8061.7561.751222347/20/2018Bank of america business cardREQUEST 063018Little italy010-1210-412.30-9053.0353.031222357/20/2018Bank of america business cardREQUEST 063018Auto zone010-3320-431.33-50161.57202.01REQUEST 063018Staples010-3320-431.21-8040.441222367/20/2018California building standardsREQUEST 063018Fees for 4/1 - 6/30/2018065-0000-201.09-031,128.001,015.20REQUEST 063018Fees for 4/1 - 6/30/2018010-0000-310.07-96-112.801222377/20/2018Cprs -calif park recreation societyREQUEST 071618Registration / p. sullens010-7100-410.31-20790.00790.001222387/20/2018Department of conservationREQUEST 063018Fees for 4/1 - 6/30/2018065-0000-201.08-682,470.402,313.15REQUEST 063018Fees for 4/1 - 6/30/2018010-0000-310.07-96-123.52REQUEST 063018July-sept 2017 overpaymt065-0000-201.08-68-35.50REQUEST 063018July-sept 2017 overpaymt010-0000-310.07-961.771222397/20/2018Frontier communicationsREQUEST 071718Telephone service010-6100-425.35-1647.58131.22REQUEST 071718Telephone service050-9000-450.35-1683.641222407/20/2018International nameplate4833623 san jacinto decals010-3100-431.21-701,161.891,078.32483362Sales tax not charged010-0000-201.20-45-83.571222417/20/2018Lake hemet municipal water district06302018Water service/ agape322-8831-500.35-101,377.021,759.9806302018Water srvc/ bastille way302-8831-500.35-1089.4506302018Water srvc/ gospel dr367-8831-500.35-10100.0906302018Water srvc/ washington367-8831-500.35-10193.421222427/20/2018Marquez, ernestREQUEST 071018Reimb work boot purchase055-4170-450.21-35200.00200.001222437/20/2018Nbs local government solutions, inc61800294Admin fees 7/1-9/30/2018034-8850-500.30-902,355.7830,480.8361800294Admin fees 7/1-9/30/2018201-8850-500.30-90900.2161800295Admin fees 7/1-9/30/2018045-8800-450.30-902,730.1261800297Admin fees 7/1-9/30/2018301-8831-500.30-90737.7161800297Admin fees 7/1-9/30/2018302-8831-500.30-90262.2361800297Admin fees 7/1-9/30/2018303-8831-500.30-90198.8361800297Admin fees 7/1-9/30/2018304-8831-500.30-90106.623.A.4.aPacket Pg. 79Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 23Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total122243...7/20/2018...Nbs local government solutions, inc...61800297Admin fees 7/1-9/30/2018305-8831-500.30-90187.3030,480.83...61800297Admin fees 7/1-9/30/2018306-8831-500.30-90190.1961800297Admin fees 7/1-9/30/2018307-8831-500.30-90717.5261800297Admin fees 7/1-9/30/2018308-8831-500.30-90971.1061800297Admin fees 7/1-9/30/2018309-8831-500.30-90639.7261800297Admin fees 7/1-9/30/2018310-8831-500.30-90510.0461800297Admin fees 7/1-9/30/2018311-8831-500.30-90363.0861800297Admin fees 7/1-9/30/2018312-8831-500.30-908.6461800297Admin fees 7/1-9/30/2018313-8831-500.30-90489.8761800297Admin fees 7/1-9/30/2018314-8831-500.30-902.8861800297Admin fees 7/1-9/30/2018315-8831-500.30-902.8861800297Admin fees 7/1-9/30/2018316-8831-500.30-9054.7561800297Admin fees 7/1-9/30/2018317-8831-500.30-9086.4561800297Admin fees 7/1-9/30/2018318-8831-500.30-908.6461800297Admin fees 7/1-9/30/2018319-8831-500.30-9023.0561800297Admin fees 7/1-9/30/2018319-8832-500.30-905.7661800297Admin fees 7/1-9/30/2018320-8831-500.30-90383.2561800297Admin fees 7/1-9/30/2018321-8831-500.30-90420.7161800297Admin fees 7/1-9/30/2018322-8831-500.30-90386.1361800297Admin fees 7/1-9/30/2018323-8831-500.30-90236.2961800297Admin fees 7/1-9/30/2018324-8831-500.30-902.8861800297Admin fees 7/1-9/30/2018325-8831-500.30-90296.8161800297Admin fees 7/1-9/30/2018326-8831-500.30-90850.0761800297Admin fees 7/1-9/30/2018327-8831-500.30-90757.8661800297Admin fees 7/1-9/30/2018328-8831-500.30-905.7661800297Admin fees 7/1-9/30/2018329-8831-500.30-90412.0761800297Admin fees 7/1-9/30/2018331-8831-500.30-90175.7861800297Admin fees 7/1-9/30/2018332-8831-500.30-90377.4961800297Admin fees 7/1-9/30/2018333-8831-500.30-90296.8161800297Admin fees 7/1-9/30/2018334-8831-500.30-90184.4261800297Admin fees 7/1-9/30/2018335-8831-500.30-90210.3661800297Admin fees 7/1-9/30/2018336-8831-500.30-90242.053.A.4.aPacket Pg. 80Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 24Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total122243...7/20/2018...Nbs local government solutions, inc...61800297Admin fees 7/1-9/30/2018337-8831-500.30-90135.4430,480.83...61800297Admin fees 7/1-9/30/2018338-8831-500.30-90564.7961800297Admin fees 7/1-9/30/2018339-8831-500.30-90265.1161800297Admin fees 7/1-9/30/2018340-8831-500.30-9037.4661800297Admin fees 7/1-9/30/2018341-8831-500.30-90262.2361800297Admin fees 7/1-9/30/2018342-8831-500.30-90103.7461800297Admin fees 7/1-9/30/2018343-8831-500.30-90584.9761800297Admin fees 7/1-9/30/2018345-8831-500.30-90729.0561800297Admin fees 7/1-9/30/2018346-8831-500.30-90403.4261800297Admin fees 7/1-9/30/2018348-8831-500.30-902.8861800297Admin fees 7/1-9/30/2018352-8831-500.30-9025.9361800297Admin fees 7/1-9/30/2018353-8831-500.30-90311.2161800297Admin fees 7/1-9/30/2018354-8831-500.30-902.8861800297Admin fees 7/1-9/30/2018355-8831-500.30-90397.6661800297Admin fees 7/1-9/30/2018359-8831-500.30-9020.1761800297Admin fees 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Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 25Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total122243...7/20/2018...Nbs local government solutions, inc...61800298Admin fees 7/1-9/30/2018025-7252-410.30-90566.2530,480.83...61800298Admin fees 7/1-9/30/2018025-7260-410.30-90566.2561800298Admin fees 7/1-9/30/2018025-7100-410.30-90566.2361800358Engineer signature stamp102-1400-500.30-901,500.0061800359Admin fees 7/1-9/30/2018701-4150-500.30-90171.7961800359Admin fees 7/1-9/30/2018702-4150-500.30-90171.7961800359Admin fees 7/1-9/30/2018703-4150-500.30-90171.7961800359Admin fees 7/1-9/30/2018704-4150-500.30-90171.7961800359Admin fees 7/1-9/30/2018705-4150-500.30-90171.7961800359Admin fees 7/1-9/30/2018706-4150-500.30-90171.7961800359Admin fees 7/1-9/30/2018707-4150-500.30-90171.7961800359Admin fees 7/1-9/30/2018709-4150-500.30-90171.7961800359Admin fees 7/1-9/30/2018710-4150-500.30-90171.7961800359Admin fees 7/1-9/30/2018712-4150-500.30-90171.7961800359Admin fees 7/1-9/30/2018713-4150-500.30-90171.7961800359Admin fees 7/1-9/30/2018714-4150-500.30-90171.7961800359Admin fees 7/1-9/30/2018715-4150-500.30-90171.7961800359Admin fees 7/1-9/30/2018716-4150-500.30-90171.7961800359Admin fees 7/1-9/30/2018717-4150-500.30-90171.7961800359Admin fees 7/1-9/30/2018718-4150-500.30-90171.7961800359Admin fees 7/1-9/30/2018720-4150-500.30-90171.7961800359Admin fees 7/1-9/30/2018721-4150-500.30-90171.7961800359Admin fees 7/1-9/30/2018728-4150-500.30-90171.7961800359Admin fees 7/1-9/30/2018733-4150-500.30-90171.7961800359Admin fees 7/1-9/30/2018735-4150-500.30-90171.7961800359Admin fees 7/1-9/30/2018736-4150-500.30-90171.7961800359Admin fees 7/1-9/30/2018736-4150-500.30-90171.7961800359Admin fees 7/1-9/30/2018737-4150-500.30-90171.7961800359Admin fees 7/1-9/30/2018739-4150-500.30-90280.681222447/20/2018Online information services, inc.867786Utility exchange report050-1400-414.34-0558.75372.72867786Utility exchange report055-1400-414.34-0558.75468300000208Collection service fee050-0000-308.09-10255.223.A.4.aPacket Pg. 82Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 26Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total1222457/20/2018Power bound electrical inc.20573Electrical work performed010-2500-425.40-45695.00695.001222467/20/2018Romeril plumbing & hardware14748Misc plumbing & supplies010-4150-410.21-12113.00786.4914764Misc plumbing & supplies050-9000-450.21-1229.4614769Misc plumbing & supplies010-7100-410.21-1273.1714794Misc plumbing & supplies010-4140-410.21-12165.2814752Misc plumbing & supplies010-7100-410.21-12189.4914791Misc plumbing & supplies010-7101-410.21-125.3814819Misc plumbing & supplies010-7100-410.21-1264.7914810Misc plumbing & supplies034-3200-431.33-1023.6914831Misc plumbing & supplies010-7100-410.21-1250.6014833Misc plumbing & supplies010-7100-410.21-1271.631222477/20/2018Savant solutions, inc.SS-0152Palo alto firewall srvc017-2290-418.40-4510,185.7510,185.751222487/20/2018Securtec district patrol, inc.0618-SJAPatrol service june 2018056-4150-410.34-057,447.507,447.501222497/20/2018Socal gasREQUEST 063018Gas service010-6500-425.35-129.7190.45REQUEST 063018Gas service010-3100-431.35-1237.17REQUEST 063018Gas service010-4200-410.35-122.79REQUEST 063018Gas service034-3200-431.35-1240.781222507/20/2018Southern california edisonREQUEST 063018Electricity service010-2500-425.35-142,850.2747,971.55REQUEST 063018Electricity service010-3100-431.35-143,503.62REQUEST 063018Electricity service010-4150-410.35-1488.18REQUEST 063018Electricity service010-4200-410.35-14262.78REQUEST 063018Electricity service010-6100-425.35-14849.49REQUEST 063018Electricity service010-6500-425.35-1423.48REQUEST 063018Electricity service010-7100-410.35-14652.38REQUEST 063018Electricity service025-7100-410.35-14393.64REQUEST 063018Electricity service025-7250-410.35-14810.89REQUEST 063018Electricity service025-7251-410.35-1424.65REQUEST 063018Electricity service025-7252-410.35-14741.47REQUEST 063018Electricity service025-7260-410.35-14744.23REQUEST 063018Electricity service034-3200-431.35-141,105.27REQUEST 063018Electricity service050-9000-450.35-1428,542.06REQUEST 063018Electricity service055-4170-450.35-14138.443.A.4.aPacket Pg. 83Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 27Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total122250...7/20/2018...Southern california edison...REQUEST 063018Electricity service201-8850-500.35-14156.7447,971.55...REQUEST 063018Electricity service301-8831-500.35-1481.27REQUEST 063018Electricity service302-8831-500.35-1425.38REQUEST 063018Electricity service303-8831-500.35-1451.25REQUEST 063018Electricity service304-8831-500.35-1452.11REQUEST 063018Electricity service305-8831-500.35-1451.31REQUEST 063018Electricity service306-8831-500.35-1451.75REQUEST 063018Electricity service307-8831-500.35-1490.47REQUEST 063018Electricity service308-8831-500.35-1439.69REQUEST 063018Electricity service309-8831-500.35-1455.12REQUEST 063018Electricity service313-8831-500.35-1453.37REQUEST 063018Electricity service316-8831-500.35-1425.18REQUEST 063018Electricity service317-8831-500.35-1425.56REQUEST 063018Electricity service320-8831-500.35-1461.83REQUEST 063018Electricity service321-8831-500.35-1445.14REQUEST 063018Electricity service325-8831-500.35-1425.43REQUEST 063018Electricity service326-8831-500.35-14154.85REQUEST 063018Electricity service327-8831-500.35-1428.72REQUEST 063018Electricity service329-8831-500.35-1458.67REQUEST 063018Electricity service338-8831-500.35-1469.17REQUEST 063018Electricity service345-8831-500.35-14216.65REQUEST 063018Electricity service346-8831-500.35-1427.08REQUEST 063018Electricity service355-8831-500.35-1437.32REQUEST 063018Electricity service359-8831-500.35-1425.23REQUEST 063018Electricity service365-8831-500.35-1428.20REQUEST 063018Electricity service368-8831-500.35-1424.86REQUEST 063018Electricity service309-8831-500.35-1428.83REQUEST 063018Electricity service345-8831-500.35-14632.26REQUEST 063018Electricity service301-8831-500.35-14113.96REQUEST 063018Electricity service304-8831-500.35-1417.81REQUEST 063018Electricity service317-8831-500.35-1412.46REQUEST 063018Electricity service346-8831-500.35-14226.813.A.4.aPacket Pg. 84Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 28Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total122250...7/20/2018...Southern california edison...REQUEST 063018Electricity service310-8831-500.35-1443.5947,971.55...REQUEST 063018Electricity service010-4150-410.35-141,590.84REQUEST 063018Electricity service010-4150-410.35-14-0.01REQUEST 063018Electricity service010-4150-410.35-1493.72REQUEST 063018Electricity service025-7260-410.35-1472.48REQUEST 063018Electricity service025-7260-410.35-14390.66REQUEST 063018Electricity service301-8831-500.35-1419.17REQUEST 063018Electricity service303-8831-500.35-1432.26REQUEST 063018Electricity service307-8831-500.35-1482.77REQUEST 063018Electricity service308-8831-500.35-145.18REQUEST 063018Electricity service309-8831-500.35-1433.85REQUEST 063018Electricity service312-8831-500.35-148.42REQUEST 063018Electricity service313-8831-500.35-14443.38REQUEST 063018Electricity service315-8831-500.35-143.75REQUEST 063018Electricity service319-8831-500.35-14112.23REQUEST 063018Electricity service319-8832-500.35-143.87REQUEST 063018Electricity service320-8831-500.35-1464.11REQUEST 063018Electricity service321-8831-500.35-14230.02REQUEST 063018Electricity service323-8831-500.35-14277.91REQUEST 063018Electricity service327-8831-500.35-144.22REQUEST 063018Electricity service329-8831-500.35-1467.02REQUEST 063018Electricity service330-8831-500.35-145.38REQUEST 063018Electricity service334-8831-500.35-140.68REQUEST 063018Electricity service335-8831-500.35-140.77REQUEST 063018Electricity service336-8831-500.35-140.89REQUEST 063018Electricity service337-8831-500.35-140.50REQUEST 063018Electricity service338-8831-500.35-1445.71REQUEST 063018Electricity service339-8831-500.35-14122.11REQUEST 063018Electricity service340-8831-500.35-145.18REQUEST 063018Electricity service342-8831-500.35-140.38REQUEST 063018Electricity service346-8831-500.35-145.18REQUEST 063018Electricity service347-8831-500.35-142.683.A.4.aPacket Pg. 85Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 29Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total122250...7/20/2018...Southern california edison...REQUEST 063018Electricity service349-8831-500.35-142.6847,971.55...REQUEST 063018Electricity service350-8831-500.35-144.22REQUEST 063018Electricity service351-8831-500.35-1488.63REQUEST 063018Electricity service357-8831-500.35-145.18REQUEST 063018Electricity service359-8831-500.35-1422.87REQUEST 063018Electricity service362-8831-500.35-14288.40REQUEST 063018Electricity service365-8831-500.35-1417.81REQUEST 063018Electricity service366-8831-500.35-145.38REQUEST 063018Electricity service368-8831-500.35-144.46REQUEST 063018Electricity service374-8831-500.35-145.38REQUEST 063018Electricity service376-8831-500.35-144.22REQUEST 063018Electricity service383-8831-500.35-141.87REQUEST 063018Electricity service385-8831-500.35-145.67REQUEST 063018Electricity service386-8831-500.35-1474.66REQUEST 063018Electricity service301-8831-500.35-1421.74REQUEST 063018Electricity service304-8831-500.35-143.05REQUEST 063018Electricity service308-8831-500.35-147.43REQUEST 063018Electricity service310-8831-500.35-141.30REQUEST 063018Electricity service315-8831-500.35-146.86REQUEST 063018Electricity service318-8831-500.35-145.91REQUEST 063018Electricity service319-8832-500.35-1415.67REQUEST 063018Electricity service324-8831-500.35-145.91REQUEST 063018Electricity service327-8831-500.35-146.88REQUEST 063018Electricity service330-8831-500.35-148.43REQUEST 063018Electricity service333-8831-500.35-140.76REQUEST 063018Electricity service334-8831-500.35-140.47REQUEST 063018Electricity service335-8831-500.35-140.54REQUEST 063018Electricity service336-8831-500.35-140.62REQUEST 063018Electricity service337-8831-500.35-140.35REQUEST 063018Electricity service339-8831-500.35-140.68REQUEST 063018Electricity service340-8831-500.35-147.43REQUEST 063018Electricity service342-8831-500.35-140.263.A.4.aPacket Pg. 86Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 30Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total122250...7/20/2018...Southern california edison...REQUEST 063018Electricity service345-8831-500.35-1410.3047,971.55...REQUEST 063018Electricity service346-8831-500.35-1417.73REQUEST 063018Electricity service347-8831-500.35-1413.06REQUEST 063018Electricity service349-8831-500.35-1413.06REQUEST 063018Electricity service350-8831-500.35-146.88REQUEST 063018Electricity service351-8831-500.35-1427.62REQUEST 063018Electricity service354-8831-500.35-146.86REQUEST 063018Electricity service357-8831-500.35-147.43REQUEST 063018Electricity service359-8831-500.35-1457.28REQUEST 063018Electricity service366-8831-500.35-148.43REQUEST 063018Electricity service371-8831-500.35-146.86REQUEST 063018Electricity service372-8831-500.35-145.91REQUEST 063018Electricity service373-8831-500.35-146.86REQUEST 063018Electricity service374-8831-500.35-1416.45REQUEST 063018Electricity service375-8831-500.35-149.10REQUEST 063018Electricity service376-8831-500.35-146.88REQUEST 063018Electricity service383-8831-500.35-145.91REQUEST 063018Electricity service385-8831-500.35-1414.68REQUEST 063018Electricity service386-8831-500.35-1410.301222517/20/2018Xerox financial services1232335Copier lease 7/5-8/4/2018010-4200-410.34-05361.72361.721222527/27/2018Albert a. webb associates, inc.182896Services thru 6/30/2018199-9999-425.40-01220.00220.001222537/27/2018American forensic nurses, inc.7095815 blood draws, 1 urine010-3100-431.34-05660.001,220.007101014 blood draws010-3100-431.34-05560.001222547/27/2018Angel jimenezREQUEST 071818Refund water deposit050-0000-229.08-70127.75127.751222557/27/2018Angelica barriosREQUEST 071818Rplc ck # 113838,12/18/15050-0000-229.08-70104.17104.171222567/27/2018Aramark uniform1450163790Uniform service010-7101-410.21-354.79161.101450163790Uniform service010-7100-410.21-3514.371450163791Floor mat service050-1400-414.34-059.261450163791Floor mat service010-4200-410.34-0515.671450163792Uniform service010-4150-410.21-3558.371450163793Uniform service010-4140-410.21-3514.371450163793Uniform service050-9000-450.21-3525.113.A.4.aPacket Pg. 87Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 31Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total122256...7/27/2018...Aramark uniform...1450163793Uniform service055-4170-450.21-3519.16161.10...1222577/27/2018Arrow printing, inc.17621Business cards010-4200-410.21-10247.83837.2217661Reg & window envelopes010-2500-425.21-10589.391222587/27/2018Babcock laboratories, inc.BG80915-0278Coliforms p/a by mmo/mug050-9000-450.30-9070.00350.00BG81143-0278Nitrate-nitro,perchlorate050-9000-450.30-90210.00BG81412-0278Coliforms p/a by mmo/mug050-9000-450.30-9070.001222597/27/2018Bay city electric works,inc.W194937Qrtly maintenance service034-3200-431.33-10261.75261.751222607/27/2018Bcc benefit coordinators corp4797Premium july 2018085-0000-202.21-462,837.393,105.654797Employee supplemt july'18085-0000-202.21-52268.261222617/27/2018Bckm inc07182018Safety training010-3320-431.31-20495.00495.001222627/27/2018Billy jorge junior castrejon, jr.REQUEST 072418Final relocation payment199-9999-425.40-013,326.003,326.001222637/27/2018Bowman signs18029Logo lettering unit 994011-3300-431.33-50258.83258.831222647/27/2018Brenntag pacific, inc.BPI851451Sodium hypochlorite050-9000-450.21-12827.831,633.02BPI853259Sodium hypochlorite050-9000-450.21-12805.191222657/27/2018Calpers supplemental income plansREQUEST 0723187/19/2018, sip # 452544085-0000-202.21-292,115.412,547.86REQUEST 072318Pers repayment sip#452544085-0000-202.21-28432.451222667/27/2018Carr, markREQUEST 063018Reimburse h/d/v expense010-2500-425.11-90288.65288.651222677/27/2018Cash, jimREQUEST 072318Reimb class b dl renewal050-9000-450.31-2045.0045.001222687/27/2018Castillo-calderon, isauroREQUEST 071918Reimburse h/d/v expense010-2500-425.11-90497.70497.701222697/27/2018Catron, janREQUEST 071818Reimburse h/d/v expense010-2500-425.11-90508.70508.701222707/27/2018Cecilia anguloREQUEST 071818Refund credit balance050-0000-308.09-1033.3033.301222717/27/2018Ced - san jacinto, inc.2983-510731Electrical supplies025-7252-410.34-0525.70114.822983-510770Electrical supplies321-8831-500.34-0521.512983-510794Electrical supplies050-9000-450.21-1267.611222727/27/2018Central county united wayREQUEST 072318Employee contrib july'18085-0000-202.21-8052.0052.001222737/27/2018City national bank07022018Solar water system proj050-8800-450.60-1063,915.65129,097.4107022018Solar water system proj050-8800-450.60-1565,181.761222747/27/2018City of lancasterI190000140Services june 2018048-1400-414.30-9056,023.25160,523.25I190000140Admin srvc agreemt aug'18048-4800-480.05-01104,500.001222757/27/2018Complete paperless solutions, llc2678Document management srvc017-2290-418.40-4547,206.0047,206.001222767/27/2018Cr&r incorporated237587Dumpster service363-8831-500.34-05420.94420.943.A.4.aPacket Pg. 88Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 32Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total1222777/27/2018Cr&r incorporated29-0020120 0-07Service 7/1 - 9/30/2018010-6500-425.33-4076.3876.381222787/27/2018Cynthia montoya-estradaREQUEST 071818Refund water deposit050-0000-229.08-70121.52121.521222797/27/2018Dave's haulingSNDRSN/RAMONABLCleaned up intersection010-4140-410.34-05300.002,300.00WARRN/ESPL/COTTPicked up trash & debris010-4140-410.34-05300.00IVY CRESTRight of way clean up332-8831-500.34-05200.001ST & SHERIFFVacant lot clean up025-7100-410.34-05100.00ZONE 29 BASINBasin clean up329-8831-500.34-05150.00SAGECRESTBasin clean up301-8831-500.34-05150.00MEADOW BROOK 2Basin clean up362-8831-500.34-05250.00PARKHILL BASINBasin clean up322-8831-500.34-05250.00ZONE 19 BASINBasin clean up319-8831-500.34-05300.00GRAND BASINBasin clean up010-4140-410.34-05300.001222807/27/2018David leonard associates20180701Services june 2018065-0000-211.21-011,043.707,640.2020180702Services june 2018065-0000-211.21-011,237.0020180703Services june 2018065-0000-211.21-01507.9020180704Services june 2018065-0000-211.21-012,910.3020180705Services june 2018065-0000-211.21-01368.7020180706Services june 2018011-1700-417.30-90135.0020180707Services june 2018065-0000-211.21-01276.0020180708Services june 2018065-0000-211.21-011,094.1020180709Services june 2018065-0000-211.21-0167.501222817/27/2018Debra satmaryREQUEST 072418Final relocation payment199-9999-425.40-013,326.003,326.001222827/27/2018Dpfg - development planning and80135Services thru 4/30/2018199-9999-425.40-012,834.002,834.001222837/27/2018Edwin jaraREQUEST 071818Refund water deposit050-0000-229.08-70184.62184.621222847/27/2018Esgil corporation0047429-INPlan check fees june 2018011-3300-431.30-90196.17196.171222857/27/2018Esri-environmental systems research93486087Argis lic agreemt maint017-2290-418.34-0537,709.7937,709.791222867/27/2018Ez sunnyday landscape2937Irrigation cks june 2018309-8831-500.34-0550.004,616.002937Irrigation cks june 2018010-7100-410.34-0580.002937Irrigation cks june 2018359-8831-500.34-05125.002937Irrigation cks june 2018339-8831-500.34-0560.002937Irrigation cks june 2018331-8831-500.34-0560.003.A.4.aPacket Pg. 89Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 33Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total122286...7/27/2018...Ez sunnyday landscape...2937Irrigation cks june 2018025-7250-410.34-0545.004,616.00...2937Irrigation cks june 2018010-7100-410.34-0525.002937Irrigation cks june 2018025-7250-410.34-0535.002937Irrigation cks june 2018025-7100-410.34-0520.002937Irrigation cks june 2018025-7250-410.34-0515.002937Irrigation cks june 2018025-7250-410.34-055.002937Irrigation cks june 2018316-8831-500.34-0510.002937Irrigation cks june 2018317-8831-500.34-055.002937Irrigation cks june 2018025-7250-410.34-055.002937Irrigation cks june 2018302-8831-500.34-0520.002937Irrigation cks june 2018025-7100-410.34-0595.002937Irrigation cks june 2018025-7250-410.34-0515.002937Irrigation cks june 2018025-7100-410.34-0530.002937Irrigation cks june 2018025-7250-410.34-0510.002937Irrigation cks june 2018025-7100-410.34-0545.002937Irrigation cks june 2018025-7252-410.34-0575.002937Irrigation cks june 2018025-7252-410.34-0535.002937Irrigation cks june 2018322-8831-500.34-05210.002937Irrigation cks june 2018304-8831-500.34-0555.002937Irrigation cks june 2018319-8831-500.34-0535.002937Irrigation cks june 2018310-8831-500.34-0540.002937Irrigation cks june 2018367-8831-500.34-0585.002937Irrigation cks june 2018025-7250-410.34-0535.002937Irrigation cks june 2018320-8831-500.34-05165.002937Irrigation cks june 2018025-7251-410.34-0595.002937Irrigation cks june 2018025-7252-410.34-0535.002937Irrigation cks june 2018025-7252-410.34-0520.002937Irrigation cks june 2018025-7252-410.34-0515.002937Irrigation cks june 2018025-7252-410.34-0530.002937Irrigation cks june 2018025-7252-410.34-0515.002937Irrigation cks june 2018025-7252-410.34-0535.002937Irrigation cks june 2018025-7252-410.34-0550.003.A.4.aPacket Pg. 90Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 34Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total122286...7/27/2018...Ez sunnyday landscape...2937Irrigation cks june 2018025-7252-410.34-0525.004,616.00...2937Irrigation cks june 2018025-7252-410.34-0515.002937Irrigation cks june 2018025-7252-410.34-0585.002937Irrigation cks june 2018025-7252-410.34-0555.002937Irrigation cks june 2018025-7250-410.34-0515.002937Irrigation cks june 2018025-7250-410.34-0540.002937Irrigation cks june 2018010-7100-410.34-0520.002937Irrigation cks june 2018025-7252-410.34-0545.002937Irrigation cks june 2018025-7250-410.34-0555.002937Irrigation cks june 2018376-8831-500.34-05370.002938Irrigation repairs025-7252-410.34-051,060.002939Irrigation repairs025-7250-410.34-05135.002940Irrigation repairs301-8831-500.34-05110.002941Irrigation repairs025-7252-410.34-05225.002942Irrigation repairs025-7251-410.34-05225.002943Irrigation repairs010-7100-410.34-0545.002944Irrigation repairs359-8831-500.34-0581.002945Irrigation repairs309-8831-500.34-05225.001222877/27/2018Fm lock and safe,inc.94179Keys010-4140-410.33-5016.3127.7394201Calsense keys010-7100-410.21-1211.421222887/27/2018Frank murrietaREQUEST 071818Refund water deposit050-0000-229.08-7076.2176.211222897/27/2018Frontier communicationsREQUEST 072318Telephone service010-2500-425.35-16106.13211.79REQUEST 072318Telephone service050-9000-450.35-16105.661222907/27/2018Golden bell products16378Lift station degreaser055-4170-450.21-122,241.202,241.201222917/27/2018Government finance officers assoc.0139871-18/19Mbrship renew 9/1-8/31/19010-1400-414.30-16250.00250.001222927/27/2018Hartford life insurance companiesREQUEST 07231807/19/2018, group #109947085-0000-202.21-29950.00950.001222937/27/2018Hemet industrial supply475614 214 oring050-9000-450.21-123.703.701222947/27/2018Hemet valley tool, inc.128846Pressure washer oil055-4170-450.21-1219.29476.10128916Chainsaw050-9000-450.21-12456.811222957/27/2018Hemet-san jacinto watermaster1072Admin assessmt 2018-25%050-9000-450.60-0113,762.5013,762.501222967/27/2018Hi-way safety, inc.760522 custom signs199-9999-425.40-01956.391,804.863.A.4.aPacket Pg. 91Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 35Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total122296...7/27/2018...Hi-way safety, inc....761452 custom signs199-9999-425.40-01848.471,804.86...1222977/27/2018Holmes, johnREQUEST 063018Reimburse h/d/v expense010-2500-425.11-90194.82194.821222987/27/2018Home depot credit servicesW9311731612 generators010-4140-410.40-453,463.643,510.131171904Water base sealant010-4140-410.21-1246.491222997/27/2018Icma retirement trustREQUEST 0723187/19/2018, group # 300434085-0000-202.21-29600.00600.001223007/27/2018Image sourceAR788229Copies 6/15-7/14/2018010-4200-410.34-05328.71328.711223017/27/2018Isidro sanchez lopezREQUEST 071818Refund water deposit050-0000-229.08-70148.25148.251223027/27/2018Jim's backflow service70218A-CITYHALLBackflow test010-7100-410.34-0550.001,500.0070218B-CITYHALLBackflow test010-7100-410.34-0550.0070218C-CITYHALLBackflow test010-7100-410.34-0550.0070218D-CITYHALLBackflow test010-7100-410.34-0550.00070218-BISSELLLBackflow test010-4200-410.33-1050.0070218-COTT/SAGEBackflow test025-7250-410.34-0550.00070218A-DRUDINGBackflow test025-7100-410.34-0550.00070218B-DRUDINGBackflow test025-7100-410.34-0550.0070218-E/S EAGLEBackflow test025-7250-410.34-0550.0070218A-ESPL MEDBackflow test025-7250-410.34-0550.0070218B-ESPL MEDBackflow test025-7250-410.34-0550.0070218C-ESPL MEDBackflow test025-7250-410.34-0550.0070218-HEWIT/SHVBackflow test025-7250-410.34-0550.0070218-HEWIT/EVNBackflow test025-7252-410.34-0550.0070218-HOFMANNBackflow test025-7100-410.34-0550.0070218-IDYL/TAHUBackflow test025-7100-410.34-0550.0070218-FIG/SAGEBackflow test025-7250-410.34-0550.0070218-MISTLETOEBackflow test025-7100-410.34-0550.0070218-PALM/FIGBackflow test025-7250-410.34-0550.0070218-SALLEE PKBackflow test025-7100-410.34-0550.0070218-SJ COMCTRBackflow test010-7400-425.33-1050.0070218-7TH/VERONBackflow test025-7250-410.34-0550.0071018-ESTRELLABackflow test338-8831-500.34-0550.0071018-MARGEAUXBackflow test331-8831-500.34-0550.0071018-PALM/COTTBackflow test306-8831-500.34-0550.003.A.4.aPacket Pg. 92Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 36Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total122302...7/27/2018...Jim's backflow service...71018-SAVORY LNBackflow test305-8831-500.34-0550.001,500.00...71018-STATEBackflow test359-8831-500.34-0550.0071018-SUNNSD BLBackflow test, labor338-8831-500.34-05100.0071018-SUNNSD LDBackflow test338-8831-500.34-0550.001223037/27/2018Jon's flags & poles, inc.F79268Universal pole brackets010-4150-410.21-12148.44474.69F7927912 3 x 5 flags010-4150-410.21-12326.251223047/27/2018Jose macielREQUEST 071818Refund water deposit050-0000-229.08-70153.05153.051223057/27/2018Karen carlton davisREQUEST 071818Refund water deposit050-0000-229.08-70168.11168.111223067/27/2018L.o. lynch inc.15223Emergency service work025-7252-410.34-057,465.007,465.001223077/27/2018Lion eagle holdings llcREQUEST 071818Refund credit balance050-0000-308.09-1088.6688.661223087/27/2018Lynn merrill and associates, inc.NUMBER T19-4Services 6/20 - 6/30/2018010-4140-410.34-06190.002,753.77NUMBER FY 18-21Services 6/18 - 6/30/2018056-4150-410.34-05929.61NUMBER FY 18-21Services 6/18 - 6/30/2018010-4140-410.34-06807.50NUMBER T19-5Services 7/1-7/15/2018010-4140-410.34-06826.661223097/27/2018Martinez, ramonREQUEST 071618Reimburse h/d/v expense010-2500-425.11-90945.96945.961223107/27/2018Mary maloofREQUEST 071818Refund water deposit050-0000-229.08-7079.1879.181223117/27/2018Master care commercial janitorial6868Janitorial srvc june 2018010-2500-425.34-051,100.001,100.001223127/27/2018MccainINV0230048Long shank keys024-3100-431.21-3553.8853.881223137/27/2018Mckenna lanier group, inc2018 SJ 067Services february 2018065-0000-211.21-01202.5010,175.002018 SJ 098Services april 2018065-0000-211.21-014,838.752018 SJ 128Services may 2018065-0000-201.06-2033.752018 SJ 140Services june 2018011-1700-417.30-905,100.001223147/27/2018Minuteman press, inc.40587Weekly enrollment notices048-1400-414.36-10165.76165.761223157/27/2018Monarch landscape llc, inc.1813Irrigation checks,repairs025-7100-410.34-05512.004,611.001814Irrigation repairs329-8831-500.34-05774.001815Irrigation checks,repairs341-8831-500.34-05903.001816Irrigation checks,repairs353-8831-500.34-05334.001817Irrigation checks,repairs355-8831-500.34-05231.001818Irrigation checks,repairs329-8831-500.34-05477.001819Irrigation checks, repair303-8831-500.34-05232.001820Irrigation checks,repairs305-8831-500.34-05558.003.A.4.aPacket Pg. 93Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 37Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total122315...7/27/2018...Monarch landscape llc, inc....1821Irrigation checks306-8831-500.34-0585.004,611.00...1822Irrigation checks327-8831-500.34-05260.001823Irrigation checks338-8831-500.34-05245.001223167/27/2018National safety compliance, inc.73128Epn reports april 2018010-4200-410.34-0521.0021.001223177/27/2018Noel ortegaREQUEST 071818Refund water deposit050-0000-229.08-70139.74139.741223187/27/2018O'reilly auto parts,inc.5531-259615Extension cord010-4150-410.21-1210.7610.761223197/27/2018Overnight industrial supply,inc.13797Leather gloves010-4140-410.21-3572.4672.461223207/27/2018Patricia arreguinREQUEST 071818Refund water deposit050-0000-229.08-7035.7835.781223217/27/2018Pins and needles embroidery12200Staff shirts with logo010-3320-431.21-3551.50210.4312200Staff shirts with logo011-3300-431.21-35158.931223227/27/2018Press enterprise0011143541Legal advertising011-1700-417.36-25158.401,138.750011144841Legal advertising010-1110-411.34-05483.750011144856Legal advertising010-1110-411.34-05496.601223237/27/2018Probity automotive specialists,inc.13283Parts, labor unit 301050-9000-450.33-50528.04932.6613274Parts, labor unit 419010-4150-410.33-50404.621223247/27/2018Public trust advisors, llc3321Services 4/1 - 6/30/2018010-2500-425.30-902,034.192,034.191223257/27/2018R.a.rispalje construction120Trim trees025-7250-410.34-05341.25341.251223267/27/2018Rachelle nicholsonREQUEST 071818Refund water deposit050-0000-229.08-7029.9329.931223277/27/2018Ramirez, andyREQUEST 063018Reimburse h/d/v expense010-2500-425.11-9087.5187.511223287/27/2018Ramona humane society, inc.COSJ6302Shltr/aco srvcs june 2018010-3320-431.34-0520,126.7420,126.741223297/27/2018Regional government services8597Contract services june'18010-1210-412.34-05692.50992.508621Reimburse expenses june18010-1210-412.34-05300.001223307/27/2018Rightway site services, inc.233800Rent/labor 6/27-7/24/2018010-3100-431.34-5082.7882.781223317/27/2018Riverside county department ofIN0322741Environment health permit010-4150-410.34-05842.00842.001223327/27/2018Riverside county sheriffSH0000033379Jail access fees010-3100-431.30-1927,787.3227,787.321223337/27/2018Riverside county sheriff departmentSH0000033447Contract law bp #13010-3100-431.34-04913,454.181,031,650.20SH0000033447Contract law bp #13010-3100-431.34-0624,680.74SH0000033447Contract law bp #13034-3100-431.34-0493,515.281223347/27/2018Riverside, county ofREQUEST 063018Parking fees collected010-0000-304.03-351,390.001,390.001223357/27/2018Robin kirkREQUEST 071818Refund water deposit050-0000-229.08-70120.88120.881223367/27/2018Rogers,anderson,malody & scott, llp58474Audit june 2018010-1400-414.30-905,468.005,468.003.A.4.aPacket Pg. 94Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 38Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total1223377/27/2018Romeril plumbing & hardware14772Misc plumbing & supplies010-3100-431.21-5049.4270.9614760Misc plumbing & supplies017-2290-418.21-8021.541223387/27/2018Rooms n' covers etc.REQUEST 071918Refund permit #18-00883011-0000-303.02-21209.75217.95REQUEST 071918Refund permit #18-00883011-0000-308.06-012.49REQUEST 071918Refund permit #18-00883011-0000-308.06-115.711223397/27/2018Row traffic safety inc16009500 temporary signs010-4150-410.21-121,165.101,798.62160104 estudillo & arrow signs010-4150-410.21-12513.9716015Light strobe unit 416010-4150-410.33-50119.551223407/27/2018Rsi communities - californiaREQUEST 072418Rfnd overpaymt lnd permit011-0000-303.01-013,065.363,065.361223417/27/2018Seiu local 721REQUEST 072318Union dues july 2018085-0000-202.21-431,151.451,251.45REQUEST 072318Cope contrib july 2018085-0000-202.21-43100.001223427/27/2018Southern california edisonREQUEST 072418Electricity service010-4150-410.35-1495.58337.63REQUEST 072418Electricity service010-4150-410.35-14206.28REQUEST 072418Electricity service010-4150-410.35-140.01REQUEST 072418Electricity service347-8831-500.35-144.44REQUEST 072418Electricity service360-8831-500.35-148.12REQUEST 072418Electricity service347-8831-500.35-148.20REQUEST 072418Electricity service360-8831-500.35-1415.001223437/27/2018Staples business advantage, inc.3381884881Office supplies011-1700-417.21-1021.541,922.843381884882Office supplies011-1700-417.21-1021.973381884884Office supplies010-1110-411.21-1011.733381884885Office supplies010-1110-411.21-1014.003381884886Office supplies010-4200-410.21-10161.573381884887Office supplies010-4200-410.21-1034.743382625596Office supplies010-2500-425.21-1033.353382625596Office supplies010-1200-412.21-106.793382625596Office supplies010-1210-412.21-1039.343382625596Office supplies010-1110-411.21-1083.393382625596Office supplies010-3320-431.21-1026.563382625600Office supplies010-2500-425.21-10205.433382625602Office supplies010-3320-431.21-1022.013382625602Office supplies050-1400-414.21-1099.043.A.4.aPacket Pg. 95Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 39Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total122343...7/27/2018...Staples business advantage, inc....3382625602Office supplies011-3300-431.21-105.761,922.84...3382625602Office supplies010-1400-414.21-1012.883382625602Office supplies010-2500-425.21-10158.923382625602Office supplies011-1700-417.21-105.763382625603Office supplies010-3100-431.21-10864.163382625605Office supplies010-1110-411.21-1046.203382625605Office supplies010-2500-425.21-1027.993383447630Office supplies010-1110-411.21-1019.711223447/27/2018Star auto parts211280Hose clamp010-4150-410.21-1225.8065.10211471Relay, hd extended life010-4140-410.33-5034.46211474Miniature lamp050-9000-450.33-504.841223457/27/2018State of california dept of justice315830Analysis may 2018010-3100-431.34-0535.00140.00315686Analysis june 2018010-3100-431.34-05105.001223467/27/2018Steno solutions, inc.43106June 2018 19 reports010-3100-431.34-05189.56189.561223477/27/2018Stetson engineers inc.1935-1011Services may 2018050-9000-450.30-903,593.684,790.111935-1601Services may 2018050-9000-450.30-901,196.431223487/27/2018Superion, llc (formerly sungard)211784Asp maint srvc aug 2018010-1400-414.34-054,359.004,359.001223497/27/2018Time warner cable0541420071818Service 7/27-8/26/2018017-2290-418.34-201,611.471,611.471223507/27/2018Tony's tires07092018New tire golf cart050-9000-450.33-5050.00429.62070920182 new tires unit 500010-4140-410.33-50364.6207162018Tire patch unit 308050-9000-450.33-5015.001223517/27/2018Tri lake consultants, inc.41872Services june 2018011-4100-410.30-90175.0058,949.4541873Services june 2018011-4100-410.30-90150.0041874Services june 2018011-4100-410.30-90175.0041878Services june 2018199-9999-425.40-017,419.5041880Services june 2018199-9999-425.40-01540.0041881Services june 2018199-9999-425.40-019,303.4041890Services june 2018011-4100-410.30-9050.0041891Services june 2018011-4100-410.30-901,007.7041892Services june 2018011-4100-410.30-90406.1041893Services june 2018011-4100-410.30-90100.003.A.4.aPacket Pg. 96Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 40Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total122351...7/27/2018...Tri lake consultants, inc....41894Services june 2018011-4100-410.30-90100.0058,949.45...41906Services june 2018011-4100-410.30-903,800.7541908Services june 2018011-1700-417.30-901,942.5041909Services june 2018065-0000-211.21-01105.0041910Services june 2018010-9600-960.30-901,102.5041911Services june 2018011-1700-417.30-902,257.5041913Services june 2018011-1700-417.30-90105.0041914Services june 2018065-0000-211.21-0152.5041915Services june 2018065-0000-211.21-0152.5041916Services june 2018011-4100-410.30-90208.2041875Services june 2018065-0000-211.21-2150.0041876Services june 2018065-0000-211.21-2150.0041877Services june 2018065-0000-211.21-21175.0041879Services june 2018010-4100-410.30-9030.0041882Services june 2018199-9999-425.40-012,952.4041883Services june 2018010-4100-410.30-9030.0041884Services june 2018010-4100-410.30-9030.0041885Services june 2018199-9999-425.40-01225.0041886Services june 2018010-4100-410.30-9030.0041887Services june 2018199-9999-425.40-0175.0041888Services june 2018010-4100-410.30-9030.0041889Services june 2018010-4100-410.30-9030.0041897Services june 2018199-9999-425.40-0120,586.0041898Services june 2018065-0000-211.21-21220.0041899Services june 2018065-0000-201.08-531,445.9041900Services june 2018199-9999-425.40-011,647.5041901Services june 2018065-0000-211.21-211,104.1541902Services june 2018065-0000-211.21-0120.0041903-1Services june 2018065-0000-211.21-21742.9541904Services june 2018065-0000-211.21-0125.0041905Services june 2018065-0000-201.06-50324.9041907Services june 2018065-0000-211.21-2120.003.A.4.aPacket Pg. 97Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) Warrant RegisterCity of San Jacinto7/31/2018Page 41Check NumberCheck DateVendor NameInvoice NumberDescriptionAccount NumberTransactionAmountCheck Total122351...7/27/2018...Tri lake consultants, inc....41912Services june 2018199-9999-425.40-0152.5058,949.45...1223527/27/2018U.s. healthworks medical group, pc3362155-CAPre-employment/a. barron010-1210-412.30-9099.0099.001223537/27/2018Underground service alert62018066377 tickets - june 2018055-4170-450.34-05137.05137.051223547/27/2018United healthcare insurance co.,inc0033605975Premium august 2018085-0000-202.21-3943,496.9841,392.960033605975Credit for s. miller085-0000-202.21-39-2,104.021223557/27/2018Us bankREQUEST 071818Refund water deposit050-0000-229.08-70127.05127.051223567/27/2018Usa blue book6144582 hach dpd050-9000-450.21-12469.74469.741223577/27/2018Valley diesel1018Parts, labor unit 452010-4150-410.33-50366.06366.061223587/27/2018Vivint solar incREQUEST 071918Refund permit 18-00647011-0000-303.02-21346.56410.01REQUEST 071918Refund permit 18-00647011-0000-308.06-014.69REQUEST 071918Refund permit 18-00647011-0000-308.06-1116.87REQUEST 071918Refund permit 18-00647011-0000-308.06-3041.891223597/27/2018Waxie sanitary supply77553562Cleaning supplies010-3100-431.21-30323.76323.761223607/27/2018Wcs distrib/pro spray equipment537054Press relief & sol.valve010-4150-410.21-14232.60232.601223617/27/2018Williamson, derekREQUEST 063018Reimburse h/d/v expense010-2500-425.11-90138.00207.00REQUEST 071918Reimburse h/d/v expense010-2500-425.11-9069.001223627/27/2018Yarnall, reneREQUEST 071218Reimburse h/d/v expense010-2500-425.11-9015.0015.001223637/27/2018Zipline express car wash06302018Car wash service011-3300-431.33-504.0044.0006302018Car wash service010-3320-431.33-5040.001223647/27/2018Zubia, alfonsoREQUEST 071618Reimburse h/d/v expense010-2500-425.11-90181.20181.201223657/27/2018California dept of tax & fee adminREQUEST 072518Electrical energy surchg048-0000-203.22-106,326.206,326.20Total Checks 4,208,214.013.A.4.aPacket Pg. 98Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) CITY OF SAN JACINTO ELECTRONIC FUNDS TRANSFER REPORT JULY 1 - 31, 2018 DATE PAYEE AMOUNT REASON 7/9/2018 CalPERS 21,951.56 Retirement contributions 7/18/2017 CalPERS 462.96 Retirement Contribution - D. Mudrovich 7/18/2017 Paymentus 3,142.00 Payment Process Transaction fees for June 2018 7/20/2018 Heritage Escrow 201,312.50 Mason Jar Restaurant Loan 7/24/2018 Union Bank 429,111.48 2005 RDA TABs Debt Service 7/24/2018 CalPERS 21,645.98 Retirement Contributions 7/24/2018 CalPERS 806,122.00 Annual Unfunded Liability 7/30/2018 First American Title 1,643.95 Purchase 436-710-010 1,485,392.43 3.A.4.a Packet Pg. 99 Attachment: Warrant Register July 31, 2018 (Warrants and Disbursements – July 2018) September 4, 2018 TO: City Council REQUESTED BY: Angela Walton, City Clerk APPROVED BY: Robert A. Johnson, City Manager SUBJECT: Support Letter for AB3178 (Addressing Global Recycling Market Failure) RECOMMENDATION: Staff requests that the City Council approve a letter of support for AB 3178 and authorize the Mayor to sign the letter on behalf of the City. DISCUSSION: The City of San Jacinto has been offering comprehensive waste collection and recycling services to residents and businesses for several years. We support these programs with robust public education and outreach efforts. We understand that China’s recent “National Sword” and “Blue Sky 2018” import policies, which include severe restrictions and outright bans of certain materials, have had an unprecedented and profound effect on the ability of waste processors to find adequate markets for the materials they recycle. China has long been this State’s largest consumer and importer of recycled materials, including mixed waste paper and plastics. When that country instituted its new import policy and the rest of Asia followed China’s example by adopting similar policies, the market crisis worsened. It is now clear that California’s landmark recycling law, AB 939, relies too heavily on the continued existence of these foreign markets, and failed to adequately address the importance of creating resilient, domestic alternatives. We accordingly write to express our support for AB 3178, which represents a very modest first step in addressing this global recycling market failure. AB 3178 amends the Public Resources Code to expressly include the availability of markets on the list of criteria that CalRecycle must consider in determining whether to issue a compliance order, or whether to find a local agency has demonstrated a “good faith effort” to implement waste diversion programs. It is important to note that under AB 3178, CalRecycle retains full discretion to decide, in making these assessments, how much weight it will give to a market failure. This bill passed the Legislature without a dissenting vote in either house. It has no known opposition. We believe that by drawing attention to the critical role of markets in the success of recycling programs, AB 3178 will actually encourage more conversation, i nnovation, and the development of practical solutions in creating sustainable domestic markets. FISCAL IMPACT: None at present, could impact higher recycling market pricing in the near future and the City’s ability to meet diversion goals as set by the State of California. 3.A.5 Packet Pg. 100 ATTACHMENTS: Letter of Support for Assembly Bill 3178 3.A.5 Packet Pg. 101 595 S. San Jacinto Ave San Jacinto, CA 92583 Ph (951) 654-7337 Fax (951) 654-3728 www.cik.san-jacinto.ca.us September 4, 2018 The Honorable Edmund G. Brown, Jr. Governor, State of California State Capitol Sacramento, CA 95814 Re: AB 3178 (Rubio) - REQUEST FOR SIGNATURE Dear Governor Brown: I write to respectfully request your signature on Assembly Bill 3178 (Rubio). Our City has been offering comprehensive waste collection and recycling services to residents and businesses for several years. We support these programs with robust pub lic education and outreach efforts. We understand that China’s recent “National Sword” and “Blue Sky 2018” import policies, which include severe restrictions and outright bans of certain materials, have had an unprecedented and profound effect on the abili ty of waste processors to find adequate markets for the materials they recycle. China has long been this State’s largest consumer and importer of recycled materials , including mixed waste paper and plastics. When that country instituted its new import policy and the rest of Asia followed China’s example by adopting similar policies, the market crisis worsened. It is now clear that California’s landmark recycling law, AB 939, relies too heavily on the continued existence of these foreign markets, and failed to adequately address the importance of creating resilient, domestic alternatives. We accordingly write to express our support for AB 3178 which represents a very modest first step in addressing this global recycling market failure. AB 3178 amends the Public Resources Code to expressly include the availability of markets on the list of criteria that CalRecycle must consider in determining whether to issue a compliance order, or whether to find a local agency has demonstrated a “good faith effort” to implement waste diversion programs. It is important to note that under AB 3178, CalRecycle retains full discretion to decide, in making these assessments, how much weight it will give to a market failure. This bill passed the Legislature without a dissenting vote in either house. It has no known opposition. We believe that by drawing attention to the critical role of markets in the success of recycling programs, AB 3178 will actually encourage more conversation, innovation, and the development of practical solutions in creating sustainable domestic markets. 3.A.5.a Packet Pg. 102 Attachment: Letter of Support for Assembly Bill 3178 (Support Letter for AB3178 (Addressing Global Recycling Market Failure)) In turn, and perhaps most significantly, it will also help to ensure that California continues to benefit from the GHG emissions reductions which recycling confers. As a result, we respectfully urge your approval of this critically important legislation. Sincerely, Crystal Ruiz Mayor City of San Jacinto cc: Hon. Blanca Rubio 3.A.5.a Packet Pg. 103 Attachment: Letter of Support for Assembly Bill 3178 (Support Letter for AB3178 (Addressing Global Recycling Market Failure)) September 4, 2018 TO: City Council REQUESTED BY: Tom Prill, Finance Director APPROVED BY: Robert A. Johnson, City Manager SUBJECT: CFD 2018-1 Public Hearing and Election RECOMMENDATION: Staff recommends that the City Council: 1) Adopt Resolution No. 3733, A Resolution Of Formation Of Community Facilities District; 2) Adopt Resolution No. 3734, A Resolution Calling A Special Landowner Election For Community Facilities District; 3) Adopt Resolution No. 3735, A Resolution Declaring Results Of Special Landowner Election And Directing Recording Of Notice Of Special Tax Lien; and 4) Introduce Ordinance No. 18-06 For First Reading, An Ordinance Authorizing The Levy Of Special Tax Within Community Facilities District. BACKGROUND: In previous years, property owners of new developments requested annexation into the City of San Jacinto Landscaping, Lighting, and Park District No. 2 and, as applicable, Assessment District No. 2003-1 for the purposes of levying an assessment to pay for specified maintenance and services on improvements related to their development. In order to best serve the property owners and to simplify the formation and administration process, Community Facilities Districts (“CFD”s) will be used as the financing mechanism for specified maintenance and services on improvements related to new development. DISCUSSION: The ALDI commercial development project includes provisions for providing funding for maintenance and operation of specific improvements. The developer has provided funds for the establishment of a CFD as the mechanism to provide this ongoing funding. The City’s consultant, NBS, has prepared the attached Resolutions and Ordinance which include the Rate and Method of Apportionment (“RMA”) for CFD No. 2018-1 (Public Facilities Maintenance). The RMA describes the rates and methods special taxes may be levied within the CFD beginning in Fiscal Year 2019/20. The RMA specifies that developed property for which a building permit has been issued by May 1, 2019 will be taxed at a rate of $1.0301 per Building Square Foot for Fiscal Year 2019/20. Estimated revenue for 2019/20, assuming improvements are all complete, is approximately $26,771.90, which may increase by 2% annually. FISCAL IMPACT: Costs associated with the consultant services related to the CFD formation are to be paid by the developer. The annual levy and collection of special taxes and CFD administration is charged to 4.1 Packet Pg. 104 the CFD. Failure to approve the accompanying resolutions would result in an inability to collect the annual special taxes, totaling approximately $26,771.90 annually at buildout, and the maintenance and service costs would have to be paid from the City’s General Fund. ATTACHMENTS: 1. Resolution of Formation 2. Resolution Calling For Election 3. Resolution Declaring Results Of Election 4. Ordinance Authorizing Levy Of Special Tax 4.1 Packet Pg. 105 Exhibit A Page 1 STATE OF CALIFORNIA ) RESOLUTION NO. 3733 COUNTY OF RIVERSIDE ) ss CITY OF SAN JACINTO ) RESOLUTION OF FORMATION OF COMMUNITY FACILITIES DISTRICT CITY OF SAN JACINTO Community Facilities District No. 2018-1 (Public Facilities Maintenance) RESOLVED, by the City Council (the “Council”) of the City of San Jacinto (the “City”), County of Riverside (the “County”), State of California that: WHEREAS, this Council adopted a resolution entitled “Resolution of Intention to Establish Community Facilities District” (the “Resolution of Intention”), stating its intention to form “City of San Jacinto Community Facilities District No. 2018-1 (Public Facilities Maintenance)” (the “CFD”) pursuant to Chapter 2.5 of Part 1 of Division 2 of Title 5, commencing with Section 53311, of the California Government Code (the “Act”); WHEREAS, the Resolution of Intention, incorporating a map of the proposed boundaries of the CFD and stating the services to be provided and the rate and method of apportionment of the special tax to be levied within the CFD to pay for the services, is on file with the City Clerk and the provisions of the Resolution of Intention are incorporated herein by this reference as if fully set forth herein; WHEREAS, on this date, this Council held a noticed public hearing as required by the Act and the Resolution of Intention with respect to the proposed formation of the CFD; WHEREAS, at the hearing, all interested persons desiring to be heard on all matters pertaining to the formation of the CFD, the s ervices to be provided therein and the levy of such special tax were heard and a full and fair hearing was held; WHEREAS, at the hearing, evidence was presented to this Council on such matters before it, including a special report (the “Report”) as to the services to be provided through the CFD and the costs thereof, a copy of which is on file with the City Clerk, and this Council at the conclusion of said hearing is fully advised in the premises; WHEREAS, no written protests have been filed with the City Clerk by 50% or more of the registered voters residing within the territory of the CFD or property owners that own one-half or more of the area of land within the CFD and not exempt from the proposed special taxes. NOW, THEREFORE, IT IS HEREBY ORDERED as follows: 1. Recitals Correct. The foregoing recitals are true and correct. 4.1.a Packet Pg. 106 Attachment: 1. Resolution of Formation (CFD 2018-1 Public Hearing and Election) Exhibit A Page 2 2. No Majority Protest. The proposed special tax to be levied within the CFD has not been precluded by majority protest pursuant to section 53324 of the Act. 3. Prior Proceedings Valid. All prior proceedings taken by this Council in connection with the establishment of the CFD and the levy of the special tax have been duly considered and are hereby found and determined to be valid and in conformity with the Act. 4. Name of CFD. The community facilities district designated “City of San Jacinto Community Facilities District No. 2018-1 (Public Facilities Maintenance)” of the City is hereby established pursuant to the Act. 5. Boundaries of CFD. The boundaries of the CFD, as set forth in the map of the CFD heretofore recorded in the Riverside County Recorder’s Office on August 2, 2018 at 5:00 p.m., in the Book of Maps of Assessment and Community Facilities Districts as Document No. 2018-0312182, are hereby approved, are incorporated herein by reference and shall be the boundaries of the CFD. 6. Description of Services. The type of public services proposed to be financed by the CFD and pursuant to the Act shall consist of those items shown in Exhibit A hereto and by this reference incorporated herein (the “Services”). 7. Special Tax. a. Except to the extent that funds are otherwise available to the CFD to pay for the Services, a special tax (the “Special Tax”) sufficient to pay the costs thereof, secured by the recordation of a continuing lien against all non-exempt real property in the CFD, is intended to be levied annually within the CFD, and collected in the same manner as ordinary ad valorem property taxes or in such other manner as may be prescribed by this Council. b. The proposed rate and method of apportionment of the Special Tax among the parcels of real property within the CFD, in sufficient detail to allow each landowner within the proposed CFD to estimate the maximum amount such owner will have to pay, are shown in Exhibit B attached hereto and hereby incorporated herein. 8. Increased Demands. It is hereby found and determined that the Services are necessary to meet increased demands placed upon local agencies, including the City, as the result of development occurring in the CFD. The Services are in addition to those provided in the territory of the CFD as of the date hereof and will not supplant services already available within the territory of the CFD as of the date hereof. 9. Responsible Official. The Finance Director of the City, 595 S. San Jacinto Ave. San Jacinto, California 92583, telephone number (951) 487-7330, is the officer of the City who will be responsible for preparing annually a current roll of the levy 4.1.a Packet Pg. 107 Attachment: 1. Resolution of Formation (CFD 2018-1 Public Hearing and Election) Exhibit A Page 3 of the Special Tax obligations by assessor’s parcel number and who will be responsible for estimating future levies of the Special Tax. 10. Tax Lien. Upon recordation of a notice of special tax lien pursuant to Section 3114.5 of the California Streets and Highways Code, a continuing lien to secure each levy of the Special Tax shall attach to all nonexempt real property in the CFD , and this lien shall continue in force and effect until the Special Tax obligation is prepaid and permanently satisfied and the lien canceled in accordance with law or until collection of the Special Tax by the City ceases. 11. Appropriations Limit. In accordance with the Act, the annual appropriations limit, as defined by subdivision (h) of Section 8 of Article XIII B of the California Constitution, of the CFD is hereby preliminarily established at $1,000,000 and such appropriations limit shall be submitted to the voters of the CFD as hereafter provided. The proposition establishing such annual appropriations limit shall become effective if approved by the qualified electors voting thereon and shall be adjusted in accordance with the applicable provisions of the Act and the Constitution. 12. Election. Pursuant to the provisions of the Act, the proposed levy of the Special Tax and the proposed establishment of the appropriations limit specified above shall be submitted to the qualified electors of t he CFD at an election the time, place and conditions of which election shall be as specified by a separate resolution of this Council 13. Effective Date. This resolution shall take effect upon its adoption. * * * * * * * * * * * 4.1.a Packet Pg. 108 Attachment: 1. Resolution of Formation (CFD 2018-1 Public Hearing and Election) Exhibit A Page 4 * * * * * * * * * * * I HEREBY CERTIFY that the foregoing Resolution was introduced and adopted by the City Clerk of the City of San Jacinto at a regular meeting held on the 4th of September 2018, by the following vote: AYES: NAYS: ABSENT: ABSTAIN: City of San Jacinto ___________________________ Crystal Ruiz, Mayor ATTEST: __________________________ Angela Walton, City Clerk APPROVED AS TO FORM: BEST BEST & KRIEGER LLP ________________________________ Michael J. Maurer, City Attorney 4.1.a Packet Pg. 109 Attachment: 1. Resolution of Formation (CFD 2018-1 Public Hearing and Election) Exhibit A Page 5 EXHIBIT A CITY OF SAN JACINTO Community Facilities District No. 2018-1 (Public Facilities Maintenance) DESCRIPTION OF SERVICES It is intended that the City of San Jacinto Maintenance Community Facilities District No. 2018-1 (Public Facilities Maintenance) (the “CFD No. 2018-1”) will be eligible to fund all or a portion of the costs of construction, operation, maintenance and servicing of the roads, parks, storm drains, street lighting, landscaping and appurtenant facilities within or adjacent to the boundaries of CFD No. 2018-1. CFD No. 2018-1 may fund any of the following related to the maintenance of the services described above: obtaining, reconstructing, furnishing, operating and maintaining equipment, apparatus or facilities related to providing the services and/or equipment, apparatus, facilities or fixtures in areas to be maintained, paying the salaries and benefits of personnel necessary or convenient to provide the services, and other related expenses and the provision of reserves for repairs and replacements and for the future provision of services. It is expected that the services will be provided by the City of San Jacinto, either with its own employees or by contract with third parties, or any combination thereof. The community facilities district may also fund administrative fees of City of San Jacinto related to CFD No. 2018-1. 4.1.a Packet Pg. 110 Attachment: 1. Resolution of Formation (CFD 2018-1 Public Hearing and Election) Exhibit B Page 1 EXHIBIT B RATE AND METHOD OF APPORTIONMENT FOR THE COMMUNITY FACILITIES DISTRICT NO. 2018-1 (PUBLIC FACILITIES MAINTENANCE) OF THE CITY OF SAN JACINTO A Special Tax shall be levied and collected in the City of San Jacinto Community Facilities District No. 2018-1 (Public Facilities Maintenance) (“CFD 2018-1”) each Fiscal Year, in an amount determined by the application of the procedures described below. All of the Taxable Property (as defined below) in CFD 2018-1, unless exempted by the provisions hereof, shall be taxed for the purposes, to the extent and in the manner herein provided. A. DEFINITIONS The terms hereinafter set forth have the following meaning: “Acreage” or “Acre” means that acreage show in the Assessor’s Parcel Map or in the Assessor’s Data for each Assessor’s Parcel. In the event the Assessor’s Parcel Map or Assessor’s Data shows no acreage, the Acreage for any Assessor’s Parcel shall be determined by the CFD Administrator based upon the applicable condominium plan, final map or parcel map. If the preceding maps for a land area are not available, the Acreage of such land area may be determined utilizing available spatial data and geographic information systems (GIS). The square footage of an Assessor’s Parcel is equal to the Acreage multiplied by 43,560. “Act” means the Mello-Roos Community Facilities Act of 1982, as amended, being Chapter 2.5, Division 2 of Title 5 of the Government Code of the State of California. “Administrative Expenses” means the actual or reasonably estimated costs directly related to the administration of CFD 2018-1 including, but not limited to, the following: the costs of computing the Special Tax Requirement and the Special Taxes; the costs of collecting the Special Taxes, including any charges levied by the County Auditor’s Office, Tax Collector’s Office or Treasurer’s Office; the costs of the City, CFD 2018-1, or any designee thereof in complying with disclosure requirements of the California Government Code (including the Act), public inquiries regarding the Special Taxes; the costs of the City of designee related to an appeal of the Special Tax; and the costs of commencing and pursuing to completion any foreclosure action arising from delinquency Special Taxes in CFD 2018-1. Administrative Expenses shall also include amounts estimated or advanced by the City or CFD 2018-1 for any other administrative purposes, including, but not limited to, attorney’s fees, proposed formation of the CFD 2018-1, or any other expenses incidental to the provision of the Services. “Annual Services Costs” means the amounts required to fund services authorized to be funded by CFD 2018-1. 4.1.a Packet Pg. 111 Attachment: 1. Resolution of Formation (CFD 2018-1 Public Hearing and Election) Exhibit B Page 2 “Assessor’s Data” means Acreage or other Assessor’s Parcel information contained in the records of the Assessor of the County. “Assessor’s Parcel” means a lot or parcel shown on an Assessor’s Parcel Map with an assigned Assessor’s Parcel number. “Assessor’s Parcel Map” means an official map of the assessor of the County designating parcels by an Assessor’s Parcel number. “Building Permit” means a permit for the construction of a new structure for either residential and/or non-residential purposes, and shall not include permits for construction or installation of, retaining walls, utility improvements, or other such improvements not constituting a structure. “Building Square Foot(age)” means the structure square footage as shown in the Building Permit issued or contained in the County Assessor’s Data. “CFD 2018-1” means the Community Facilities District No. 2018-1 (Public Facilities Maintenance) of the City of San Jacinto. “CFD Administrator” means an official of the City, or designee or agent or consultant, responsible for administering the Special Tax in accordance with this Rate and Method of Apportionment. “City” means the City of San Jacinto. “City Council” means the City Council of the City of San Jacinto, acting as the legislative body of CFD 2018-1. “County” means the County of Riverside. “Developed Property” means for each Fiscal Year, all Taxable Property, for which a Building Permit was issued prior to the May 1st preceding the Fiscal Year for which the Special Tax is being levied. “Exempt Property” means all Assessors’ Parcels that are exempt from the Special Tax pursuant to Section E. “Fiscal Year” means the period starting July 1 and ending on the following June 30. “Maximum Annual Special Tax” means the maximum Special Tax, determined in accordance with the provisions of Section C below, which may be levied in any Fiscal Year on any Assessor’s Parcel of Taxable Property. 4.1.a Packet Pg. 112 Attachment: 1. Resolution of Formation (CFD 2018-1 Public Hearing and Election) Exhibit B Page 3 “Non-Residential Property” means all Assessor’s Parcels of Developed Property within the boundaries of CFD 2018-1 for which a building permit(s) has been issued for a non-residential structure(s). “Proportionately” means for Taxable Property that the ratio of the Special Tax levy to the Maximum Annual Special Tax is equal for all Assessor’s Parcels within each classification (Residential, Non-Residential Property and Undeveloped Property) within CFD 2018-1. “Public/Utility Easements” means a nonpossessory right to use an Assessor’s Parcel. “Public Property” means any property within the boundaries of CFD 2018-1 that is (i) used for parks, streets, drainage and detention easements, right-of-way or any other public purpose, (ii) owned by a public agency, (iii) has been irrevocably offered for dedication to a public agency, or (iv) is designated with specific boundaries and Acreage on a final subdivision map as property which will be owned by a public agency. For purposes of this definition, a public agency includes the federal government, the State of California, the County, the City, or any other public agency. “Residential Property” means all Assessor’s Parcels of Developed Property within the boundaries of CFD 2018-1 for which a building permit(s) has been issued for purposes of constructing one or more dwelling units. “Special Tax” means the special tax to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property to fund the Special Tax Requirement. “Special Tax Requirement” means that amount with respect to CFD 2018-1 determined by City staff or the CFD Administrator as required in any Fiscal Year to pay: (1) the Administrative Expenses, (2) the Annual Services Costs, (3) any amount required to establish or replenish any reserve or replacement fund established in connection with CFD 2018-1, and (4) reasonably anticipated delinquent Special Taxes based on the delinquency rate for Special Taxes levied in the previous Fiscal Year. “State” means the State of California. “Tax Escalation Factor” means a factor of two percent that will be applied annually after Fiscal Year 2019/20 to increase the Maximum Annual Special Tax rates shown in Section C. “Taxable Property” means all Assessor’s Parcels within the boundary of CFD 2018-1 that are not Exempt Property, exempt from the Special Tax pursuant to the Act or Section E below. “Undeveloped Property” means each Assessor’s Parcel of Taxable Property within the boundaries of the CFD 2018-1 that is not classified as Developed Property. 4.1.a Packet Pg. 113 Attachment: 1. Resolution of Formation (CFD 2018-1 Public Hearing and Election) Exhibit B Page 4 B. ASSIGNMENT TO LAND USE CATEGORIES On, or around, July 1 of each Fiscal Year, the CFD Administrator shall determine the valid Assessor’s Parcel numbers for the current Fiscal Year for all property within CFD 2018 -1. Each Assessor’s Parcel of Taxable Property within the CFD 2018-1 shall be classified as Residential Property, Non-Residential Property or Undeveloped Property, and shall be subject to the levy of Special Taxes determined pursuant to Section C below. C. MAXIMUM ANNUAL SPECIAL TAX The Maximum Annual Special Tax for each Assessor’s Parcel of Taxable Property shall be assigned according to the table below: Property Land Use Fiscal Year 2019/20 Maximum Annual Special Tax Non-Residential Property $1.0301 per Building Square Foot Undeveloped Property $0.00 per Acre Residential Property $0.00 per Parcel On July 1, commencing on July 1, 2020, the Maximum Annual Special Tax set forth in the table above shall be increased by two percent (2%), the Tax Escalation Factor. D. METHOD OF APPORTIONMENT OF THE SPECIAL TAX Commencing with Fiscal Year 2019/20, and for each subsequent Fiscal Year, the CFD Administrator shall determine the Special Tax Requirement and shall levy the Special Tax on each Assessor’s Parcel of Taxable Property until the amount of Special Taxes equals the Special Tax Requirement. The Special Taxes shall be levied each Fiscal Year as follows: First: The Special Tax shall be levied Proportionately on each Assessor's Parcel of Non-Residential Property at a rate of up to 100% of the applicable Maximum Annual Special Tax as needed to satisfy the Special Tax Requirement. Second: If additional moneys are needed to satisfy the Special Tax Requirement after the first step has been completed, the Special Tax shall be levied Proportionately on each Assessor's Parcel of Undeveloped Property at a rate of up to 100% of the applicable Maximum Annual Special Tax to satisfy the Special Tax Requirement. E. EXEMPTIONS Notwithstanding any other provision of this Rate and Method of Apportionment of Special Tax, no Special Taxes shall be levied on Public Property, except as otherwise provided in Sections 53313.7.3 and 53317.5 of the Act. Furthermore, no Special Taxes shall be levied on Assessor’s Parcels with Public/Utility Easements making impractical their utilization f or 4.1.a Packet Pg. 114 Attachment: 1. Resolution of Formation (CFD 2018-1 Public Hearing and Election) Exhibit B Page 5 any use other than the purposes set forth in the easement. If the Public/Utility Easement or restrictions on use of the Assessor’s Parcel are removed, such Assessor’s Parcel shall cease to classified as Exempt Property and shall be deemed Taxable Property. F. REVIEW/APPEAL Any property owner may file a written appeal of the Special Tax with the CFD Administrator claiming that the amount or application of the Special Tax is not correct. The appeal must be filed not later than one calendar year after having paid the Special Taxes that are disputed, and the appellant must be current in all payments of Special Taxes. In addition, during the term of the appeal process, all Special Taxes levied must be paid on or before the payment date established when they levy was made. The appeal must specify the reasons why the appellant claims the Special Taxes are in error. The CFD Administrator shall review the appeal, meet with the appellant if the CFD Administrator deems necessary, and advise the appellant of their determination. If the property owner disagrees with the CFD Administrator’s decision relative to the appeal, the owner may then file a written appeal with the City Council whose subsequent decision shall be final and binding on all interested parties. If the decision of the CFD Administrator or subsequent decision by the City Council requires the Special Taxes to be modified or changed in favor of the property owner, no cash refund shall be made for prior year’s Special Taxes, but an adjustment shall be made to credit future Special Taxes. This procedure shall be exclusive and its exhaustion by any property owner shall be a condition precedent to filing any legal action by such owner. G. MANNER AND DURATION OF SPECIAL TAX The Special Tax shall be collected in the same manner and at the same time as ordinary ad valorem property taxes, provided that the City may directly bill the Special Tax, may collect the Special Tax at a different time or in a different manner if needed to meet the financial obligations of CFD 2018-1, and may collect delinquent Special Taxes through foreclosure of other available methods. A Special Tax shall continue to be levied and collected within CFD 2018-1, as needed to fund the Special Tax Requirement, in perpetuity. H. FORMULA FOR PREPAYMENT OF SPECIAL TAX OBLIGATIONS The Special Tax may not be prepaid. I. INTERPRETATION OF SPECIAL TAX FORMULA The City reserves the right to make minor administrative and technical changes to this document that do not materially affect the method of apportioning Special Taxes. In 4.1.a Packet Pg. 115 Attachment: 1. Resolution of Formation (CFD 2018-1 Public Hearing and Election) Exhibit B Page 6 addition, the interpretation and application of any section of this document shall be left to the City discretion. Interpretations may be made by the City by ordinance or resolution for purposes of clarifying any vagueness or ambiguity in this Rate and Method of Apportionment of Special Tax. 4.1.a Packet Pg. 116 Attachment: 1. Resolution of Formation (CFD 2018-1 Public Hearing and Election) STATE OF CALIFORNIA ) RESOLUTION NO. 3734 COUNTY OF RIVERSIDE ) ss CITY OF SAN JACINTO ) RESOLUTION CALLING SPECIAL LANDOWNER ELECTION FOR COMMUNITY FACILITIES DISTRICT CITY OF SAN JACINTO Community Facilities District No. 2018-1 (Public Facilities Maintenance) RESOLVED, by the City Council (the “Council”) of the City of San Jacinto (the “City”), County of Riverside (the “County”), State of California that: WHEREAS, this Council has adopted a resolution entitled “Resolution of Formation of Community Facilities District" (the “Resolution of Formation”), ordering the formation of “City of San Jacinto Community Facilities District No. 2018-1 (Public Facilities Maintenance)” (the “CFD”) defining the public services (the “Services”) to be provided by the CFD, authorizing the levy of a special tax on property within the CFD and preliminarily establishing an appropriations limit for the CFD, all pursuant to Chapter 2.5 of Part 1 of Division 2 of Title 5, commencing with Section 53311, of the California Government Code (the “Act”); and WHEREAS, pursuant to the provisions of the Resolution of Formation, the propositions of the levy of the special tax and the establishment of the appropriat ions limit shall be submitted to the qualified electors of the CFD as required by the provisions of the Act. NOW THEREFORE, IT IS HEREBY ORDERED as follows: 1. Issues Submitted. Pursuant to the Act, the issues of the levy of the special tax and the establishment of the appropriations limit shall be submitted to the qualified electors (as defined below) of the CFD at an election called therefor as provided below. 2. Qualified Electors. This Council hereby finds that 2 landowners have been registered to vote within the territory of the CFD for each of the ninety (90) days preceding the close of the public hearings heretofore conducted and concluded by this Council for the purposes of these proceedings. Accordingly, and pursuant to Section 53326 of the Act, this Council finds that, for these proceedings, the qualified electors are the landowners within the CFD and that the vote shall be by such landowners or their authorized representatives, each having one vote for each acre or portion thereof such landowner owns in the CFD as of the close of the public hearing. 3. Conduct of Election. This Council hereby calls a special election to consider the issues described in section 1, above, which election shall be held on 4.1.b Packet Pg. 117 Attachment: 2. Resolution Calling For Election (CFD 2018-1 Public Hearing and Election) - 2 - September 4, 2018, and the results thereof canvassed at the meeting of this Council on September 4, 2018. The City Clerk is hereby designated as the official to conduct the election and to receive all ballots until the close of business on the election date. It is hereby acknowledged that the City Clerk has on file the Resolution of Formation, a map of the boundaries of the CFD, and a sufficient description to allow the City Clerk to determine the electors of the CFD. Pursuant to Section 53327 of the Act, the election shall be conducted by messenger or mail-delivered ballot pursuant to Section 4000 of the California Elections Code. This Council hereby finds that paragraphs (a), (b), (c) (1) and (c)(3) of Section 4000 are applicable to this special election, except that Secti ons 53326 and 53327 of the Act shall govern for purposes of determining the date of the election. 4. Ballot. As authorized by Section 53353.5 of the Act, the issues described in section 1 above shall be combined into a single ballot measure, the form o f which as attached hereto as Exhibit “A” is hereby approved. The City Clerk is hereby authorized and directed to cause a ballot, in substantially the form of Exhibit “A,” to be delivered to each of the qualified electors of the CFD. Each ballot shall ind icate the number of votes to be voted by the respective landowner to which the ballot pertains. Each ballot shall be accompanied by all supplies and written instructions necessary for the use and return of the ballot. The envelope to be used to return the ballot shall be enclosed with the ballot, have the return postage prepaid, and contain the following: (a) the name and address of the landowner, (b) a declaration, under penalty of perjury, stating that the voter is the owner of record or authorized repres entative of the landowner entitled to vote and is the person whose name appears on the envelope, (c) the printed name, signature and address of the voter, (d) the date of signing and place of execution of the declaration pursuant to clause (b) above, and (e) a notice that the envelope contains an official ballot. 5. Waivers. This Council hereby further finds that the provisions of Section 53326 of the Act requiring a minimum of 90 days following the adoption of the Resolution of Formation to elapse before the special election are for the protection of the qualified electors of the CFD. There is on file with the City Clerk a written waiver executed by all the qualified electors of the CFD allowing for a shortening of the time for the special election to expedite the process of formation of the CFD and waiving any requirement for notice, analysis and arguments in connection with the election. Accordingly, this Council finds and determines that the qualified electors have been fully apprised of and have agreed to the shortened time for the election and waiver of analysis and arguments, and have thereby been fully protected in these proceedings. This Council also finds and determines that the City Clerk has concurred in the shortened time for the election. Analysis and arguments with respect to the ballot measures are hereby waived, as provided in Section 53327 of the Act. 6. Accountability. Under Section 50075.1 of the Government Code, the following accountability provisions shall apply to the special taxes: (a) the provision and/or acquisition of the Services and the incidental costs thereof, all as defined in the Resolution of Formation, shall constitute the specific single purpose; (b) the proceeds 4.1.b Packet Pg. 118 Attachment: 2. Resolution Calling For Election (CFD 2018-1 Public Hearing and Election) - 3 - shall be applied only to the specific purposes identified in (a) above; (c) there shall be created special account(s) or funds(s) into which the proceeds shall be deposited; (d) there shall be citizen oversight of the CFD, and (e) there shall be caused to be prepared an annual audit and report of the CFD. 7. Effective Date. This Resolution shall take effect upon its adoption. * * * * * * * * * * * I HEREBY CERTIFY that the foregoing Resolution was introduced and adopted by the City Clerk of the City of San Jacinto at a regular meeting held on the 4th day of September 2018, by the following vote: AYES: NAYS: ABSENT: ABSTAIN: City of San Jacinto ___________________________ Crystal Ruiz, Mayor ATTEST: __________________________ Angela Walton, City Clerk APPROVED AS TO FORM: BEST BEST & KRIEGER LLP ________________________________ Michael J. Maurer, City Attorney 4.1.b Packet Pg. 119 Attachment: 2. Resolution Calling For Election (CFD 2018-1 Public Hearing and Election) Exhibit A Page 1 CITY OF SAN JACINTO Community Facilities District No. 2018-1 (Public Facilities Maintenance) OFFICIAL BALLOT SPECIAL TAX ELECTION This ballot is for a special, landowner election. You must return this ballot in the enclosed postage paid envelope to the office of the City Clerk of the City of San Jacinto (the “City”) no later than the hour of 5:00 p.m. on Tuesday, September 4, 2018, either by mail or in person. The City Clerk’s office is located at 595 S. San Jacinto Ave., San Jacinto, California 92583. To vote, mark a cross (X) on the voting line after the word “YES” or after the word “NO”. All marks otherwise made are forbidden. All distinguishing marks are forbidden and make the ballot void. If you wrongly mark, tear, or deface this ballot, return it to the City Clerk of the City and obtain another. BALLOT MEASURE: Shall the City of San Jacinto be authorized to annually levy a special tax solely on lands within the City of San Jacinto Community Facilities District No. 2018-1 (Public Facilities Maintenance), subject to the accountability measures required pursuant to Government Code Section 50075.1, in accordance with the Rate and Method attached as Exhibit A to this ballot, for the purposes of financing the services described in Exhibit B to this ballot, at a rate of $1.0301 per Building Square Foot escalating annually by 2%, providing an estimated $26,771.90, and shall the annual appropriations limit of the CFD be established in the amount of $1,000,000? Shall the measure levying a special tax be adopted? YES: _______ NO: _______ 4.1.b Packet Pg. 120 Attachment: 2. Resolution Calling For Election (CFD 2018-1 Public Hearing and Election) Exhibit A Page 2 By execution in the space provided below, you also confirm your written waiver of the time limit pertaining to the conduct of the election and any requirement for analysis and arguments with respect to the ballot measure. 4.1.b Packet Pg. 121 Attachment: 2. Resolution Calling For Election (CFD 2018-1 Public Hearing and Election) STATE OF CALIFORNIA ) RESOLUTION NO. 3735 COUNTY OF RIVERSIDE ) ss CITY OF SAN JACINTO ) RESOLUTION DECLARING RESULTS OF SPECIAL LANDOWNER ELECTION AND DIRECTING RECORDING OF NOTICE OF SPECIAL TAX LIEN CITY OF SAN JACINTO Community Facilities District No. 2018-1 (Public Facilities Maintenance) RESOLVED, by the City Council (this “Council”) of the City of San Jacinto (the “City”), County of Riverside (the “County”), State of California that: WHEREAS, this Council has adopted a resolution entitled “Resolution of Formation of Community Facilities District” (the “Resolution of Formation”), ordering the formation of the “City of San Jacinto Community Facilities District No. 2018-1 (Public Facilities Maintenance) (the “CFD”), authorizing the levy of a special tax on property within the CFD and preliminarily establishing an appropriations limit for the CFD, all pursuant to Chapter 2.5 of Part 1 of Division 2 of Title 5, commencing with Section 53311, of the California Government Code (the “Act”). WHEREAS, under the provisions of the Resolution of Formation and pursuant to a resolution entitled "Resolution Calling Special Landowner Election for Community Facilities District" (the “Election Resolution”) heretofore adopted by this Council, the propositions of the levy of the special tax and the establishment of the appropriations limit were submitted to the qualified electors of the CFD as required by the provisions of the Act. WHEREAS, pursuant to the terms of the Election Resolution, which are by this reference incorporated herein, the special election has been held and the City Clerk has certified to a Canvass and Statement of Results of Election (the “Canvass”), a copy of which is attached hereto as Exhibit A; and WHEREAS , this Council has been informed of the Canvass, finds it appropriate and wishes to complete its proceedings for the CFD. NOW, THEREFORE, IT IS HEREBY ORDERED as follows: 1. Recitals. The foregoing recitals are all true and correct. 2. Issues Presented. The issues presented at the special election were the levy of a special tax within the CFD and the approval of an annual appropriations limit of not to exceed $1,000,000, all pursuant to the Resolution of Formation. 4.1.c Packet Pg. 122 Attachment: 3. Resolution Declaring Results Of Election (CFD 2018-1 Public Hearing and Election) -2- 3. Canvass and Issues Approved. The Council hereby approves the Canvass and finds that it shall be a permanent part of the record of its proceedings for the CFD. Pursuant to the Canvass, the issues presented at the special election were approved by the qualified electors of the CFD by more than two-thirds of the votes cast at the special election. 4. Proceedings Approved. Pursuant to the voter approval, the CFD is hereby declared to be fully formed with the authority to levy the special taxes and to have the established appropriations limit, all as heretofore provided in these proceedings and in the Act. It is hereby foun d that all prior proceedings and actions taken by this Council with respect to the CFD were valid and in conformity with the Act. 5. Notice of Tax Lien. The City Clerk is hereby directed to complete, execute and cause to be recorded in the office of the County Recorder of the County of Riverside a notice of special tax lien in the form required by the Act, such recording to occur no later than fifteen (15) days following adoption of this resolution by the Council. 6. Effective Date. This Resolution shall take effect upon its adoption. * * * * * * * * * * * * 4.1.c Packet Pg. 123 Attachment: 3. Resolution Declaring Results Of Election (CFD 2018-1 Public Hearing and Election) -3- * * * * * * * * * * * I HEREBY CERTIFY that the foregoing Resolution was introduced and adopted by the City Clerk of the City of San Jacinto at a regular meeting held on the 4th day of September 2018, by the following vote: AYES: NAYS: ABSENT: ABSTAIN: City of San Jacinto ___________________________ Crystal Ruiz, Mayor ATTEST: __________________________ Angela Walton, City Clerk APPROVED AS TO FORM: BEST BEST & KRIEGER LLP ________________________________ Michael J. Maurer, City Attorney 4.1.c Packet Pg. 124 Attachment: 3. Resolution Declaring Results Of Election (CFD 2018-1 Public Hearing and Election) Exhibit A Page 1 EXHIBIT A CANVASS AND STATEMENT OF RESULT OF ELECTION CITY OF SAN JACINTO Community Facilities District No. 2018-1 (Public Facilities Maintenance) Qualified Landowner Votes Votes Cast YES NO City of San Jacinto Community Facilities District No. 2018-1 (Public Facilities Maintenance) Special Tax Election, September 4, 2018. 4 _____ _____ _____ BALLOT MEASURE: Shall the City of San Jacinto be authorized to annually levy a special tax solely on lands within the City of San Jacinto Community Facilities District No. 2018-1 (Public Facilities Maintenance), subject to the accountability measures required pursuant to Government Code Section 50075.1, in accordance with the Rate and Method attached as Exhibit A to this ballot, for the purposes of financing the services described in Exhibit B to this ballot, at a rate of $1.0301 per Building Square Foot escalating annually by 2%, providing an estimated $26,771.90, and shall the annual appropriations limit of the CFD be established in the amount of $1,000,000? Shall the measure levying a special tax be adopted? YES: _______ NO: _______ IN WITNESS WHEREOF, I HAVE HEREUNTO SET MY HAND on September 4, 2018. By: City Clerk City of San Jacinto 4.1.c Packet Pg. 125 Attachment: 3. Resolution Declaring Results Of Election (CFD 2018-1 Public Hearing and Election) STATE OF CALIFORNIA ) ORDINANCE NO. 18-06 COUNTY OF RIVERSIDE ) ss CITY OF SAN JACINTO ) ORDINANCE OF THE CITY OF SAN JACINTO LEVYING SPECIAL TAX WITHIN COMMUNITY FACILITIES DISTRICT CITY OF SAN JACINTO Community Facilities District No. 2018-1 (Public Facilities Maintenance) WHEREAS, on July 17, 2018, this City Council (the “Council”) adopted a resolution entitled “A Resolution of the City Council of the City of San Jacinto, California, Declaring Its Intention to Establish A Community Fa cilities District” (the “Resolution of Intention”), and has conducted proceedings (the “Proceedings”) to establish “City of San Jacinto Community Facilities District No. 2018-1 (Public Facilities Maintenance)” (the “CFD”) pursuant to the Mello-Roos Community Facilities Act, Chapter 2.5 of Part 1 of Division 2 of Title 5, commencing with Section 53311, of the California Government Code (the “Act”) to levy a special tax (the “Special Tax”) to finance certain municipal services (the “Services”) as provided in the Act; WHEREAS, pursuant to notice as specified in the Act, and as part of the Proceedings, the Council has held a public hearing under the Act relative to the determination to proceed with the formation of the CFD and the rate and method of apportionment of the Special Tax to be levied within the CFD to finance the Services, and at such hearing all persons desiring to be heard on all matters pertaining to the formation of the CFD and the levy of the Special Tax were hea rd, substantial evidence was presented and considered by this Council and a full and fair hearing was held; WHEREAS, upon the conclusion of the hearing, this Council adopted its "Resolution of Formation of Community Facilities District" (the “Resolution o f Formation”), pursuant to which it completed the Proceedings for the establishment of the CFD, the authorization of the levy of the Special Tax within the CFD and the calling of an election within the CFD on the propositions of levying the Special Tax and establishing an appropriations limit within the CFD, respectively; and WHEREAS, on September 4, 2018 a special election was held among the landowners within the CFD at which such landowners approved the levy of the Special Tax by the two-thirds vote required by the Act, which approval has been confirmed by resolution of this Council. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF SAN JACINTO as follows: Section 1. By the passage of this Ordinance, the Council hereby authorizes and levies the Special Tax within the CFD pursuant to the Act, at the rate and in accordance with the rate and method of apportionment of Special Tax (“Rate and Method of 4.1.d Packet Pg. 126 Attachment: 4. Ordinance Authorizing Levy Of Special Tax (CFD 2018-1 Public Hearing and Election) -2- Apportionment”) on file with the City Clerk and as approved in the Resolution of Formation. By this reference, both the Resolution of Intention and the Resolution of Formation are incorporated herein. The Special Tax is hereby levied commencing in fiscal year 2019/20 and in each fiscal year thereafter to pay for the Services for the CFD, as contemplated by the Resolution of Formation and the Proceedings and all costs of administering the CFD. Section 2. The City of San Jacinto’s (the “City”) Finance Director or designee, or an employee or consultant of the City, is hereby authorized and directed each fiscal year to determine the specific Special Tax to be levied for the next ensuing fiscal year for each parcel of real property within the CFD, in the manner and as provided in the Rate and Method of Apportionment. Section 3. Exemptions from the levy of the Special Tax shall be as provided in the Resolution of Formation, the Rate and Method of Apportionment and the applicable provisions of the Act. In no event shall the Special Tax be levied on any parcel within the CFD in excess of the maximum Special Tax specified in the Resolution of Formation. Section 4. All of the collections of the Special Tax shall be used as provided in the Act and in the Resolution of Formation, including, but not limited to, the payment of costs of the Services, the payment of the costs of the City in administering the CFD, and the costs of collecting and administering the Special Tax. Section 5. The Special Tax shall be collected in the same manner as ordinary ad valorem taxes are collected and shall have the same lien priority, and be subject to the same penalties and the same p rocedure and sale in cases of delinquency as provided for ad valorem taxes; provided, however, that the Council may provide for other appropriate methods of collection by resolution(s) of the Council. In addition, the provisions of Section 53356.1 of the Act shall apply to delinquent Special Tax payments. The Finance Director of the City is hereby authorized and directed to provide all necessary information to the auditor/tax collector of the County of Riverside in order to effect proper billing and collection of the Special Tax, so that the Special Tax shall be included on the secured property tax roll of the County of Riverside for fiscal year 2019/20 and for each fiscal year thereafter until no longer required to pay for the Services or until otherwise terminated by the City. Section 6. If for any reason any portion of this ordinance is found to be invalid, or if the Special Tax is found inapplicable to any particular parcel within the CFD, by a court of competent jurisdiction, the balance of this ordinance and the application of the Special Tax to the remaining parcels within the CFD shall not be affected. Section 7. The City Clerk shall certify to the adoption of this Ordinance and cause it to be published immediately after its passage at least once i n a newspaper of general circulation circulated in the City. 4.1.d Packet Pg. 127 Attachment: 4. Ordinance Authorizing Levy Of Special Tax (CFD 2018-1 Public Hearing and Election) -3- Section 8. This Ordinance shall take effect 30 days from the date of final passage. * * * * * * * * * INTRODUCED at a regular meeting of the City Council of the City of San Jacinto on the 4th day of September, 2018 by the following vote: AYES: NAYS: ABSENT: ABSTAIN: City of San Jacinto ___________________________ Crystal Ruiz, Mayor ATTEST: __________________________ Angela Walton, City Clerk APPROVED AS TO FORM: BEST BEST & KRIEGER LLP ________________________________ Michael J. Maurer, City Attorney 4.1.d Packet Pg. 128 Attachment: 4. Ordinance Authorizing Levy Of Special Tax (CFD 2018-1 Public Hearing and Election) September 4, 2018 TO: City Council REQUESTED BY: Tom Prill, Finance Director APPROVED BY: Robert A. Johnson, City Manager SUBJECT: CFD 2003-1 Public Hearing and Election RECOMMENDATION: Staff recommends the City Council hold the public hearing, correct any minor defects in the proceedings and adopt the Resolution of the City Council of San Jacinto Authorizing the Annexation of Territory to Community Facilities District No. 2003-1, Authorizing the Levy of a Special Tax and Submitting Levy of Special Tax to Qualified Electors. After the public hearing the City Council conduct the special election and adopt the Resolution of the City Council of the City of San Jacinto Declaring the Results of a Special Annexation Landowner Election and Directing the Recording of an Amended Notice of Special Tax Lien. DISCUSSION: The City Council and Planning Commission have identified the need for additional funding sources for police protection and fire protection and suppression services, especially those services that are created by new development within the City. In response to the need for additional funding for such services, the City Council formed Community Facilities District 2003-1 (the "CFD No. 2003-1”) and the levy of special taxes therein. Previously, the City Council declared its intention to annex territory to CFD No. 2003-1 by adopting Resolution No. 3730 entitled “A Resolution of the City Council of San Jacinto Declaring its Intention to Annex Territory into Community Facilities District No. 2003 -1 and to Authorize the Levy of Special Taxes Therein”. This item was duly noticed for public hearing on August 21, which was continued to September 4, 2018. The City Council is asked to hold the public hearing and conduct the election for the annexation of territory to CFD No. 2003-1 - Actions include: Holding the public hearing, conducting the special election, and directing the recording of an Amended Notice of Special Tax Lien. FISCAL IMPACT: The annexation of the territory into CFD No. 2003-1 will have a beneficial impact to the City's budget in that, upon implementation of the proposed annexation, would assist in the funding of police protection and fire protection and suppression services. ATTACHMENTS: 1. CFD 2003-1 Annexation No 57-Resolution Calling for Election 2. Resolution Certifying Election Results 4.2 Packet Pg. 129 RESOLUTION NO. 3736 STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) CITY OF SAN JACINTO ) A RESOLUTION OF THE CITY COUNCIL OF SAN JACINTO, AUTHORIZING THE ANNEXATION OF TERRITORY TO COMMUNITY FACILITIES DISTRICT NO. 2003-1, AUTHORIZING THE LEVY OF A SPECIAL TAX AND SUBMITTING THE LEVY OF SPECIAL TAX TO QUALIFIED ELECTORS City of San Jacinto Community Facilities District No. 2003-1 Annexation No. 57 RESOLVED by the City Council (the “Council”) of the City of San Jacinto (the “City”), County of Riverside, State of California, that: WHEREAS, on July 17, 2018 the Council adopted Resolution No. 3730 entitled “A Resolution of the City Council of San Jacinto Declaring its Intention to Annex Territory into Community Facilities District No. 2003-1 and to Authorize the Levy of Special Taxes Therein” (the “Resolution of Intention to Annex”), stating its intention to annex certain territory into Community Facilities District No. 2003 -1 (the “CFD”) pursuant to the Mello Roos Community Facilities Act of 1982, Section 5 3311, and following of the California Government Code (the “Act”); and WHEREAS, a copy of the Resolution of Intention to Annex, incorporating a description and map of the proposed boundaries of the annexation territory (the “Annexation No. 57”), stating the services to be provided, and the rate and method of special tax to be levied within the Annexation No. 57 to pay for the services, is on file with the City Clerk, and the provisions thereof are fully incorporated herein by reference; and WHEREAS, on the date hereof, the Council held a noticed public hearing as required by the Act and the Resolution of Intention to Annex relative to the proposed annexation of territory to the CFD and the levy of special taxes in the Annexation No. 57; and WHEREAS, at such hearing all interested persons desiring to be heard an all matters pertaining to the Annexation No. 57 to the CFD and the levy of special taxes within the Annexation No. 57 were heard and a full and fair hearing was held; and WHEREAS, prior to the time fixed for the hearing, written protests have not been filed against the proposed annexation of territory to the CFD by (i) 50% or more of the registered voters, or six registered voters, whichever is more, residing in the existing CFD; or (ii) 50% or more of the registered voters, or six registered voters, whichever is more, residing in the territory proposed to be annexed; or (iii) owners of one-half or more of the area of land in the existing CFD; or (iv) owners of one-half or more of the area of land in the territory proposed to be annexed. 4.2.a Packet Pg. 130 Attachment: 1. CFD 2003-1 Annexation No 57-Resolution Calling for Election (CFD 2003-1 Public Hearing and Election) WHEREAS, the annexation map of Annexation No. 57 has been filed with the County Recorder of Riverside County, which map shows the territory to be annexed in these proceedings, and a copy of the map is on file with the City Clerk. NOW, THEREFORE, it is hereby RESOLVED, DETERMINED AND ORDERED by the City Council of the City of San Jacinto as follows: SECTION 1. Recitals. The foregoing recitals are true and correct. SECTION 2. Prior Proceedings. All prior proceedings taken by this Council with respect to the CFD and the proposed Annexation No. 57 have been duly considered and are hereby determined to be valid an in conformity with the Act, and the CFD has been validly established pursuant to the Act. SECTION 3. Prior Resolution. The provision of the Resolution of Intention to Annex previously adopted by the Council for the CFD are by referenced incorporated herein. SECTION 4. Boundaries. The boundaries of the territory to be annexed to the CFD, as described in Annexation Map No. 57, is on file with the City Clerk and heretofore recorded in the Riverside County Recorder’s Office on August 2, 2018, in Book 82 at Page 93 of Maps of Assessment and Community Facilities Districts, Instrument No. 2018-0312181, is hereby approved, and incorporated herein by this reference, and shall be included within the boundaries of the CFD, and said territory is hereby ordered annexed to the CFD, subject to voter approval of the levy of special taxes therein as provided. SECTION 5. Election. Pursuant to the provision of the Act, the propositions of (i) the annexation of the Annexation No. 57, and (ii) the levy of special taxes within the Annexation No. 57 shall be submitted to the qualified electors of the Annexation No. 57 at an election called therefore as hereinafter provided. SECTION 6. Electors Determined. The Council hereby finds that fewer than 12 persons have been registered to vote within the territory proposed to be annexed for each of the 90 days preceding the close of the hea ring heretofore conducted and concluded by the Council for the purpose of these annexation proceedings. Accordingly, and pursuant to Section 53326 of the Act, the Council finds that for purposes of these proceedings the qualified electors are the landowne rs within the Annexation No. 57 and that the vote shall be by said landowners, each having one vote for each acre or portion thereof such landowner owns in the Annexation No. 57. SECTION 7. Applicable Laws. Pursuant to the Act, the election shall be conducted by mailed ballot under Section 4000 of the California Elections Code, provided, however, that for the purposes of setting the date for the election, Sections 53326 and 53327 of the Act shall govern. SECTION 8. Special Election Called. This Council hereby calls a special election to consider the measure described in the ballot referred to in Exhibit A hereto, 4.2.a Packet Pg. 131 Attachment: 1. CFD 2003-1 Annexation No 57-Resolution Calling for Election (CFD 2003-1 Public Hearing and Election) which form is hereby approved. The special election shall be held in the meeting room of the Council immediately following adoption of this Reso lution. The Council hereby further finds that the provision of the Act requiring a minimum of 90 days to elapse before said election is for the protection of the voters, and the voters have been fully apprised of and have agreed to the shortened time for the election and waiver of ballot measure analysis and arguments, and will have thereby been fully protected in these proceedings. This Council also finds and determines that the City Clerk has concurred in the shortened time for the election. SECTION 9. Election Official. The City Clerk is hereby designated as the official to conduct said election. It is hereby acknowledged that the City Clerk has on file the Resolution of Intention to Annex, a certified map of the proposed boundaries of the territory to be annexed to the CFD, and a sufficient description to allow the City Clerk to determine the boundaries of the territory to be annexed to the CFD. The voted ballot shall be returned to the City Clerk no later then immediately following the adoption of this Resolution, and when the qualified elector has voted the election shall be closed. This Council acknowledges that the City Clerk has caused to be delivered to the sole qualified elector of Annexation No. 57 a ballot in the form set forth in Exhibit A hereto. The ballot indicated the numbers of votes to be voted by the landowner, and was accompanied by all supplies and written instructions for the use and return of the ballot. SECTION 10. Effective. This resolution shall take effect upon its adoption. PASSED, APPROVED, AND ADOPTED this 4th day of September, 2018. CITY OF SAN JACINTO Crystal Ruiz, Mayor ATTEST: ____________________ Angela Walton, City Clerk APPROVED AS TO FORM: BEST, BEST & KRIEGER __________________________ Michael J. Maurer, City Attorney 4.2.a Packet Pg. 132 Attachment: 1. CFD 2003-1 Annexation No 57-Resolution Calling for Election (CFD 2003-1 Public Hearing and Election) EXHIBIT A City of San Jacinto Community Facilities District No. 2003-1 Annexation No. 57 OFFICIAL BALLOT SPECIAL TAX ELECTION This ballot is for a special, landowner election. You must return this ballot in the enclosed postage paid envelope to the office of the City Clerk of the City of San Jacinto no later than 5:00 p.m. on Tuesday, September 4, 2018, either by mail or in person. The City Clerk’s office is located at 595 S. San Jacinto Avenue, Building A, San Jacinto, California, 92583. To vote, mark a cross (X) on the voting line after the word “YES” or after the word “NO”. All marks otherwise made are forbidden. All distinguishing marks are forbidden and make the ballot void. If you wrongly mark, tear, or deface this ballot, return it to the City Clerk of the City of San Jacinto and obtain another. BALLOT MEASURE: Shall the City of San Jacinto, by and for its Community Facilities District No. 2003-1 (the “CFD”), be authorized to annually levy a special tax within the territory identified as Annexation No. 57 to the CFD in accordance with the rate and method of apportionment described in Resolution No. 3730 adopted by the Council of the City of San Jacinto on July 17, 2018? Yes: __________ No: __________ By execution in the space provided below, you also confirm your written waiver of the time limit pertaining to the conduct of the election and any requirement for analysis and arguments with respect to the ballot measure as such waivers are described and permitted by Section 53326(a) and 53327(b) of the California Government Code. Number of Votes: 4 Assessor’s Parcel Number(s): 439-112-038 and 439-112-039 Property Owner(s): Mark Development LLC and San Jacinto Covenant Group LLC, a Nevada limited liability company By: 4.2.a Packet Pg. 133 Attachment: 1. CFD 2003-1 Annexation No 57-Resolution Calling for Election (CFD 2003-1 Public Hearing and Election) A-1 RESOLUTION NO. 3737 STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) CITY OF SAN JACINTO ) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JACINTO, DECLARING THE RESULTS OF A SPECIAL ANNEXATION LANDOWNER ELECTION AND DIRECTING THE RECORDING OF AN AMENDED NOTICE OF SPECIAL TAX LIEN City of San Jacinto Community Facilities District No. 2003-1 Annexation No. 57 RESOLVED by the City Council (the “Council”) of the City of San Jacinto (the “City”), County of Riverside, State of California, that: WHEREAS, the Council of the City has previously formed a Community Facilities District pursuant to the provisions of the Mello-Roos Community Facilities Act of 1982, Section 53311, and following of the California Government Code (the “Act”). The existing Community Facilities District being designated as Community Facilities District No. 2003 - 1 (the “CFD”); and WHEREAS, in proceedings heretofore conducted by the Council pursuant to the Act, the Council has heretofore adopted a resolution entitled “A Resolution of the City of San Jacinto, Authorizing the Annexation of Territory to Community Facilities District No. 2003-1, Authorizing the Levy of a Special Tax and Submitting the Levy of the Special Tax to Qualified Electors” (the “Resolution of Annexation”) calling a special election of the qualified landowner electors in the territory of the land proposed to be annexed to the CFD. WHEREAS, pursuant to the terms of the Resolution of Annexation, adopted by the Council on this date, which is hereby incorporated herein b y this reference, the special election has been held and the City Clerk has on file a Canvass and Statement Result of Election (the “Canvass”), a copy of which is attached hereto as Exhibit A; and WHEREAS, this Council has reviewed the Canvass and hereby approves said Canvass. NOW, THEREFORE, it is hereby RESOLVED, DETERMINED AND ORDERED by the City Council of the City of San Jacinto as follows: SECTION 1. Recitals. The foregoing recitals are true and correct. SECTION 2. Issues Presented. The issues presented at the special election were (i) the annexation of territory to the CFD; and (ii) the levy of a special tax within the territory annexed to the CFD. 4.2.b Packet Pg. 134 Attachment: 2. Resolution Certifying Election Results (CFD 2003-1 Public Hearing and Election) A-1 SECTION 3. Measure Approved. Pursuant to the Canvass, the issues presented at the special election were approved by the landowners of the territory proposed for annexation to the CFD by more than two -thirds of the votes received at the special election. SECTION 4. Declaration of Annexation. The Council does hereby determine and declare that the annexed territory is now added to and becomes a part of the CFD. The Council, acting as the Legislative Body of the CFD, is hereby empowered to levy the authorized special tax within the annexation territory. SECTION 5. Authority to Levy. Pursuant to the voter approval, this Council may levy special taxes in the territory in the captioned annexation according to the rate and method of apportionment specified in the resolution of this Council entitled “A Resolution of the City Council of San Jacinto Declaring its Intention to Annex Territory into Community Facilities District No. 2003-1 and to Authorize the Levy of Special Taxes Therein” adopted on July 17, 2018. SECTION 6. Prior Proceedings. It is hereby found that all prior proceedings and actions taken by this Council with respect to the CFD and the territory annexed thereto were valid and in conformity with the Act. SECTION 7. Amendment to Notice of Lien. The City Clerk is hereby directed to complete, execute and cause to be recorded in the of fice of the County Recorder of the County of Riverside an amendment to the Notice of Special Tax Lien in the form required by the Act, such recording to occur no later than fifteen (15) d ays following adoption of this Resolution by the Council. SECTION 8. This Resolution shall take effect upon its adoption. PASSED, APPROVED, AND ADOPTED this 4th day of September, 2018. CITY OF SAN JACINTO Crystal Ruiz, Mayor ATTEST: ____________________ Angela Walton, City Clerk APPROVED AS TO FORM: BEST, BEST & KRIEGER __________________________ Michael J. Maurer, City Attorney 4.2.b Packet Pg. 135 Attachment: 2. Resolution Certifying Election Results (CFD 2003-1 Public Hearing and Election) A-1 EXHIBIT A City of San Jacinto Community Facilities District No. 2003-1 Annexation No. 5757 CANVASS AND STATEMENT OF RESULT OF ELECTION I hereby certify that on September 4, 2018, I canvassed the returns of the election held on September 4, 2018, for the City of San Jacinto Community Facilities District No. 2003-1 Annexation No. 57 and the total number of votes cast in such election and the total number of votes cast for and against the measure are as follows and the totals as shown for and against the measure are full, true and correct: Qualified Landowner Votes Votes Cast Votes YES Votes NO City of San Jacinto Community Facilities District No. 2003-1 Annexation No. 57 Special Tax Election, September 4, 2018 ____ _____ _____ _____ BALLOT MEASURE: Shall the City of San Jacinto, by and for its Community Facilities District No. 2003-1 (the “CFD”), be authorized to annually levy a special tax within the territory identified as Annexation No. 57 to the CFD in accordance with the rate and method of apportionment described in Resolution No. 3730 adopted by the Council of the City of San Jacinto on July 17, 2018? Yes: __________ No: __________ IN WITNESS WHEREOF, I HAVE HEREUNTO SET MY HAND on September 4, 2018. By: Angela Walton, City Clerk City of San Jacinto 4.2.b Packet Pg. 136 Attachment: 2. Resolution Certifying Election Results (CFD 2003-1 Public Hearing and Election) September 4, 2018 TO: City Council REQUESTED BY: Tom Prill, Finance Director APPROVED BY: Robert A. Johnson, City Manager SUBJECT: Statement of Investment Policy RECOMMENDATION: Staff recommends Council approve the revised Statement of Investment Policy and adopt Resolution No. 3732. BACKGROUND: Section 53646 of the Government Code of the State of California requires the City to review its Statement of Investment Policy annually and make revisions if necessary. The City Council last reviewed and approved the policy on August 1, 2017, with no changes at that time. The Statement of Investment Policy is legally required and provides authority to invest in allowable securities and within specified durations as detailed within the guidelines of the adopted policy. The policy cannot be more liberal than that allowed by California Government Code §53600 et. seq.; however, it can be more restrictive. DISCUSSION: The primary objectives of the Statement of Investment policy are to ensure the following: Legality: Sections 53601 and 53635 of the Government Code outlines what investments are allowable for California agencies. Safety: It is the primary duty and responsibility of the Treasurer to protect, preserve and maintain cash and investments on behalf of the citizens of the City of San Jacinto. Generally, the higher the yield, the greater the risk an investment carries. Maturity: The longer an investment is held, the greater the degree of market risk (the risk that changes in the financial market will reduce the value of a security). Investment in instruments with varying maturities provides a natural hedge against changes in interest rates. Liquidity: To meet disbursement requirements, an adequate portion of the investment portfolio should be liquid and easily converted to cash, such as in an investment pool or money market. Risk: The investment portfolio shall be designed to attain a market-average rate of return throughout budgetary and economic cycles, taking into account risk 5.1 Packet Pg. 137 constraints. Yields should become a consideration only after the basic requirements of legality, safety, maturity, and liquidity have been met. The previous Investment Policy has been updated by Chandler Asset Management to keep it aligned with changes made in the California Government Code. A “redline” version is attached to show changes made, while a “clean” copy is attached to the Resolution. ALTERNATIVES: 1. Approve the recommended investment policy and corresponding resolution. 2. Do not approve the recommended investment policy and corresponding resolution, and provide staff with direction. FISCAL IMPACT: There are no recommended changes that would result in a fiscal impact. ATTACHMENTS: Investment Policy - redline 08-21-18 08-21-18 Resolution - Statement of Investment Policy 5.1 Packet Pg. 138 1 CITY OF SAN JACINTO STATEMENT OF INVESTMENT POLICY I. INTRODUCTION The City of San Jacinto’s (City) investment program will conform with federal, state, and other legal requirements, including California Government Code Sections 16429.1-16429.4, 53600-53609 and 53630-53686. The following investment policy addresses the methods, procedures and practices, which must be exercised to ensure effective and judicious fiscal and investment management of the City’s funds. It is the policy of the City to invest public funds in a manner that will provide a market rate of return, given its requirements for preserving principal and meeting the daily cash flow demands of the City. All investments will comply with this Investment Policy and governing laws. This Investment Policy was endorsed and adopted by the City’s governing body (City Council) and is effective as of August 19, 2014. This Investment Policy replaces any previous Investment Policy of the City. II. PUBLIC TRUST All participants in the investment process shall act as custodians of the public trust. Investment officials shall recognize that the investment portfolio is subject to public review and evaluation. The overall program shall be designed and managed with a degree of professionalism that is worthy of the public trust. In a diversified portfolio, it must be recognized that occasional measurement losses are inevitable, and must be considered within the context of the overall portfolio’s investment return, provided that adequate diversification has been implemented. III. SCOPE This Investment Policy applies to all the City’s financial assets and investment activities with the following exceptions: A. Proceeds of debt issuance shall be invested in accordance with the City’s general investment philosophy as set forth in this policy; however, such proceeds are invested in accordance with permitted investment provisions of their specific bond indentures. Pooling of Funds: Except for cash in certain restricted and special funds, the City will consolidate cash and reserve balances from all funds to maximize investment earnings and to increase efficiencies with regard to investment pricing, safekeeping and administration. Investment income will be allocated to the various funds based on 5.1.a Packet Pg. 139 Attachment: Investment Policy - redline 08-21-18 (Statement of Investment Policy) 2 their respective participation and in accordance with generally accepted accounting principles. IV. GENERAL OBJECTIVES The overriding objectives of the investment program are to preserve principal, provide sufficient liquidity, and manage investment risks. 1. Safety: It is the primary duty and responsibility of the City Treasurer to protect, preserve and maintain cash and investments placed in his/her trust on behalf of the citizens of the City. Safety of principal is the foremost objective of the investment program. Investments will be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio. The objective will be to mitigate credit risk and interest rate risk. 2. Liquidity: The investment portfolio will remain sufficiently liquid to meet all operating requirements that may be reasonably anticipated. Since all cash requirements cannot be anticipated, investments in securities shall be those with active secondary or resale markets. 3. Return: The investment portfolio will be designed with the objective of attaining a market rate of return throughout budgetary and economic cycles, taking into account the investment risk constraints for safety and liquidity needs. Yields should become a consideration only after the basic requirements of safety and liquidity have been met. V. PRUDENCE, INDEMNIFICATION AND ETHICS A. Prudent Investor Standard: Management of the City’s investments is governed by the Prudent Investor Standard as set forth in the California Government Code 53600.3: “…all governing bodies of local agencies or persons authorized to make investment decisions on behalf of those local agencies investing public funds pursuant to this chapter are trustees and therefore fiduciaries subject to the prudent investor standard. When investing, reinvesting, purchasing, acquiring, exchanging, selling, or managing public funds, a trustee shall act with care, skill, prudence, and diligence under the circumstances then prevailing, including, but not limited to, the general economic conditions and the anticipated needs of the agency, that a prudent person acting in a like capacity and familiarity with those matters would use in the conduct of funds of a like character and with like aims, to safeguard the principal and maintain the liquidity needs of the agency. Within the limitations of this section and considering individual investments as part of an overall strategy, investments may be acquired as authorized by law.” 5.1.a Packet Pg. 140 Attachment: Investment Policy - redline 08-21-18 (Statement of Investment Policy) 3 In keeping with the objectives (Section IV), in addition to safeguarding the principle and maintaining the liquidity needs of the City, a prudent investor should also optimize return or yield to the greatest extent possible. B. Indemnification: The City Treasurer, Finance Director and other authorized persons responsible for managing City funds, acting in accordance with written procedures and the investment policy and exercising due diligence, will be relieved of personal responsibility for an individual security’s credit risk or market price changes, provided deviations from expectations are reported within 30 days and appropriate action is taken to control adverse developments. C. Ethics: Officers and employees involved in the investment process are prohibited from personal business activity that could conflict with proper execution of the investment program, or which could impair their ability to make impartial investment decisions. VI. DELEGATION OF AUTHORITY A. Authority to manage the City’s investment program is derived from California Government Code Sections 53600 et seq. The City Council is responsible for the City’s cash management, including the administration of this Investment Policy. Management responsibility for the cash management of City funds is hereby delegated to the City Treasurer and the Finance Director. The City Treasurer and Finance Director will be responsible for all transactions undertaken and will establish a system of procedures and controls to regulate the activities of subordinate employees. B. The City may engage the services of one or more external investment managers to assist in the management of the City’s investment portfolio in a manner consistent with the City’s objectives. Such external managers may be granted discretion to purchase and sell investment securities in accordance with this Investment Policy. Such managers must be registered under the Investment Advisers Act of 1940. VII. AUTHORIZED FINANCIAL INSTITUTIONS, DEPOSITORIES, AND BROKER/DEALERS A list will be maintained of financial institutions and depositories authorized to provide investment services. In addition, a list will be maintained of approved security broker/dealers selected by conducting a process of due diligence. These may include "primary" dealers or regional dealers that qualify under Securities and Exchange Commission (SEC) Rule 15C3-1 (uniform net capital rule). A. The City Treasurer and Finance Director will determine which financial institutions are authorized to provide investment services to the City. Institutions eligible to transact investment business with the City include: 5.1.a Packet Pg. 141 Attachment: Investment Policy - redline 08-21-18 (Statement of Investment Policy) 4 1. Primary government dealers as designated by the Federal Reserve Bank; 2. Nationally or state-chartered banks; 3. The Federal Reserve Bank; and, 4. Direct issuers of securities eligible for purchase. B. Selection of financial institutions and broker/dealers authorized to engage in transactions with the City will be at the sole discretion of the City. C. All financial institutions which desire to become qualified bidders for investment transactions (and which are not dealing only with the investment adviser) must supply the Finance Director with a statement certifying that the institution has reviewed the California Government Code Section 53600 et seq. and the City’s Investment Policy. D. Selection of broker/dealers used by an external investment adviser retained by the City will be at the sole discretion of the investment adviser, provided they meet all of the requirements as stated. E. Public deposits will be made only in qualified public depositories as established by State law. Deposits will be insured by the Federal Deposit Insurance Corporation (FDIC), or, to the extent the amount exceeds the insured maximum, will be collateralized in accordance with State law. Financial institutions that do not offer FDIC insurance will not be invested in. A written contract of deposit of public funds must be obtained from the financial institution, indicating the institution’s policy and process of FDIC insurance and collateralization. VIII. DELIVERY, SAFEKEEPING AND CUSTODY, AND COMPETITIVE TRANSACTIONS A. Delivery-versus-payment: Settlement of all investment transactions will be completed using standard delivery-vs.-payment procedures. B. Third-party safekeeping: To protect against potential losses by collapse of individual securities dealers, and to enhance access to securities, interest payments and maturity proceeds, all securities owned by the City will be held in safekeeping by a third party bank custodian, acting as agent for the City under the terms of a custody agreement executed by the bank and the City. C. Competitive transactions: All investment transactions will be conducted on a competitive basis which can be executed through a bidding process involving at least three separate brokers/financial institutions or through the use of a nationally recognized trading platform. 5.1.a Packet Pg. 142 Attachment: Investment Policy - redline 08-21-18 (Statement of Investment Policy) 5 IX. AUTHORIZED AND SUITABLE INVESTMENTS All investments will be made in accordance with Sections 53600 et seq. of the Government Code of California and as described within this Investment Policy. Percentage limitations and minimum credit ratings described in this section will be applicable at the time of purchase. Permitted investments under this policy will include: 3. Municipal Bonds. These include bonds of the City, the state of California, any other state, and any local Agency within the state of California. The bonds will be registered in the name of the City or held under a custodial agreement at a bank. The bonds shall be rated at the time of purchase within the 4 highest general classifications established by a rating service of nationally recognized expertise in rating bonds of states and their political subdivisions. a. No more than 5% per issuer. 1. MUNICIPAL SECURITIES include obligations of the City of San Jacinto, the State of California and any local agency within the State of California, provided that:  The securities are rated in a rating category of “A” or its equivalent or better by at least one nationally recognized statistical rating organization (“NRSRO”).  No more than 5% of the portfolio may be invested in any single issuer.  No more than 30% of the portfolio may be in Municipal Securities.  The maximum maturity does not exceed five (5) years. 2. MUNICIPAL SECURITIES (REGISTERED TREASURY NOTES OR BONDS) of any of the other 49 states in addition to California, including bonds payable solely out of the revenues from a revenue-producing property owned, controlled, or operated by a state or by a department, board, agency, or authority of any of the other 49 states, in addition to California.  The securities are rated in a rating category of “A” or its equivalent or better by at least one NRSRO.  No more than 5% of the portfolio may be invested in any single issuer.  No more than 30% of the portfolio may be in Municipal Securities.  The maximum maturity does not exceed five (5) years. 4.3. U.S. Treasury and other government obligations for which the full faith and credit of the United States are pledged for the payment of principal and interest. There are no limits on the dollar amount or percentage that the City may invest in U.S. Treasuries. 5.4.Federal Agency or United States government-sponsored enterprise obligations, participations, or other instruments, including those issued by or Comment [GL1]: We recommend including time of purchase language. Comment [GL2]: We recommend updating language regarding Municipal Securities to be more consistent with California Government Code Section 53601(a,c,e.) 5.1.a Packet Pg. 143 Attachment: Investment Policy - redline 08-21-18 (Statement of Investment Policy) 6 fully guaranteed as to principal and interest by federal agencies or United States government-sponsored enterprises. There are no limits on the dollar amount or percentage that the City may invest in government-sponsored enterprises. 6.5.Banker’s acceptances, provided that: a. They are issued by institutions with short term debt obligations rated ”A- 1” or higher, or the equivalent, by at least two nationally recognized statistical-rating organization (NRSROs); and have long-term debt obligations which are rated in the ”A” category or higher by at least two NRSROsnationally recognized statistical rating organization; b. The maturity does not exceed 180 days; and, c. No more than 40% of the total portfolio may be invested in banker’s acceptances and no more than 5% per issuer. 7.6.Federally insured time deposits (Non-negotiable certificates of deposit) in state or federally chartered banks, savings and loans, or credit unions, provided that: a. The amount per institution is limited to the maximum covered under federal insurance; and, a.b. No more than 20% of the portfolio will be invested in a combination of federally insured and collateralized time deposits; and, c. The maturity of such deposits does not exceed 5 years. 8.7.Collateralized tTime deposits (Non-negotiable certificates of deposit) in state or federally chartered banks, savings and loans, or credit unions in excess of insured amounts which are fully collateralized with securities in accordance with California law, provided that: a. No more than 20% of the portfolio will be invested in a combination of federally insured and collateralized time deposits; b. They are issued by institutions which have long-term debt obligations which are rated in the ”A” category or higher by at least two NRSROsnationally recognized statistical rating organization; and/or have short term obligations rated ”A-1” or higher, or the equivalent, by at least two NRSROsnationally recognized statistical rating organization; and, c. The maturity of such deposits does not exceed 5 years. Comment [GL3]: Added “category” to be consistent with clarifications made to California Government Code that became effective 1/1/17. Comment [GL4]: Substituted “NRSRO” abbreviation for “nationally recognized statistical rating organization” after its first use and added to glossary. 5.1.a Packet Pg. 144 Attachment: Investment Policy - redline 08-21-18 (Statement of Investment Policy) 7 9.8.Certificate of Deposit Placement Service (CDARS), provided that: a. No more than 30% of the total portfolio may be invested in a combination of certificates of deposit including CDARS; and, b. The maturity of CDARS deposits does not exceed five years. 10.9. Negotiable certificates of deposit (NCDs), issued by a nationally or state-chartered bank, a savings association or a federal association, a state or federal credit union, or by a federal licensed or state licensed branch of a foreign bank, provided that: a. They are issued by institutions which have long-term obligations which are rated in the ”A” category or higher by at least two NRSROsnationally recognized statistical rating organization; and/or have short term debt obligations rated ”A-1” or higher, or the equivalent, by at least two NRSROsnationally recognized statistical rating organization; b. The maturity does not exceed five years; and, c. No more than 30% of the total portfolio may be invested in NCDs and no more than 5% per issuer. 10. COLLATERALIZED BANK DEPOSITS. The City’s deposits with financial institutions will be collateralized with pledged securities per California Government Code, Section 53651. There are no limits on the dollar amount or percentage that the Agency may invest in collateralized bank deposits. 11. Repurchase agreements collateralized with securities authorized under Sections VI and VIII(2 and 3) of this policy maintained at a level of at least 102% of the market value of the repurchase agreements, provided that: a. The maximum maturity of repurchase agreements will be 1 year; b. There is no limit to the amount to be invested in repurchase agreements; c. Securities used as collateral for repurchase agreements will be delivered to the City’s custodian bank (See Section VII B); and, d. The repurchase agreements are the subject of a master repurchase agreement between the City and the provider of the repurchase agreement. The master repurchase agreement will be substantially in the form developed by the Securities Industry and Financial Markets Association (SIFMA). Comment [GL5]: We recommend clarifying that NCD investments must be issued by nationally or state-chartered/licensed financial institutions per 53601(i). Comment [GL6]: We recommend adding collateralized bank deposits to the authorized investments section to be consistent with CGC Section 53651. 5.1.a Packet Pg. 145 Attachment: Investment Policy - redline 08-21-18 (Statement of Investment Policy) 8 12. Commercial paper, provided that: a. The maturity does not exceed 270 days from the date of purchase; b. The issuer is a corporation organized and operating in the United States with assets in excess of $500 million; c. They are issued by institutions whose short term obligations are rated ”A- 1” or higher, or the equivalent, by at least two NRSROsnationally recognized statistical rating organization; and whose long-term obligations are rated ”A” category or higher by at least two NRSROsnationally recognized statistical rating organization; and, d. No more than 25% of the portfolio is invested in commercial paper and no more than 5% per issuer. 13. State of California Local Agency Investment Fund (LAIF), provided that: a. No more than 70% of the total portfolio may be invested in LAIF, up to the maximum permitted balance; and, b. LAIF’s investments in instruments prohibited by or not specified in the City’s policy do not exclude it from the City’s list of allowable investments, provided that the fund’s reports allow the City Treasurer and Finance Director to adequately judge the risk inherent in LAIF’s portfolio. 14. Local government investment pools and Joint Powers Authority Pools a. Riverside County Investment Fund, no more than 70% of the total portfolio; and, b. JPA Pools, no more than 50% of the total portfolio. 15. Corporate medium term notes (MTNs), provided that: a. Such notes have a maximum maturity of five years; b. Are issued by corporations organized and operating within the United States or by depository institutions licensed by the United States or any state and operating within the United States; c. Are rated ”A” category or better by at least two NRSROsnationally recognized statistical rating organization; and, 5.1.a Packet Pg. 146 Attachment: Investment Policy - redline 08-21-18 (Statement of Investment Policy) 9 d. Holdings of medium-term notes may not exceed 30% of the portfolio and no more than 5% per issuer. 16. Mortgage pass-through, mortgage-backed, collateralized mortgage obligations, securities and asset-backed securities, provided that such securities: a. have a maximum stated final maturity of five years; b. be issued by an issuer having an “A” category or higher rating for the issuer’s debt as provided by at least two NRSROsnationally recognized statistical rating organization; c. be rated in a rating category of “AA” category or its equivalent or better by at least two NRSROsnationally recognized statistical rating organization; and, d. Purchase of securities authorized by this subdivision may not exceed 20% of the portfolio. 17. Money market mutual funds that are registered with the Securities and Exchange Commission under the Investment Company Act of 1940: a. Provided that such funds meet either of the following criteria: 1. Attained the highest ranking or the highest letter and numerical rating provided by not less than two nationally recognized statistical rating organizations; or, 2. Have retained an investment adviser registered or exempt from registration with the Securities and Exchange Commission with not less than five years’ experience investing in the securities and obligations authorized by California Government Code Section 53601 (a through j) and with assets under management in excess of $500 million. b. Purchase of securities authorized by this subdivision may not exceed 20% of the portfolio, 10% per fund. 18. Mutual Funds that invest in securities and obligation as authorized by California Government Code Section 53601. 17. MUTUAL FUNDS AND MONEY MARKET MUTUAL FUNDS that are registered with the Securities and Exchange Commission under the Investment Company Act of 1940, provided that: 5.1.a Packet Pg. 147 Attachment: Investment Policy - redline 08-21-18 (Statement of Investment Policy) 10 e. MUTUAL FUNDS that invest in the securities and obligations as authorized under California Government Code, Section 53601 (a) to (k) and (m) to (q) inclusive and that meet either of the following criteria: 1. Attained the highest ranking or the highest letter and numerical rating provided by not less than two (2) NRSROs; or 2. Have retained an investment adviser registered or exempt from registration with the Securities and Exchange Commission with not less than five years’ experience investing in the securities and obligations authorized by California Government Code, Section 53601 and with assets under management in excess of $500 million. 3. No more than 10% of the total portfolio may be invested in shares of any one mutual fund. b. MONEY MARKET MUTUAL FUNDS registered with the Securities and Exchange Commission under the Investment Company Act of 1940 and issued by diversified management companies and meet either of the following criteria: 1. Have attained the highest ranking or the highest letter and numerical rating provided by not less than two (2) NRSROs; or 2. Have retained an investment adviser registered or exempt from registration with the Securities and Exchange Commission with not less than five years’ experience managing money market mutual funds with assets under management in excess of $500 million. 3. No more than 20% of the total portfolio may be invested in Money Market Mutual Funds. c. No more than 20% of the total portfolio may be invested in these securities. 18. SUPRANATIONALS, provided that:  Issues are US dollar denominated senior unsecured unsubordinated obligations issued or unconditionally guaranteed by the International Bank for Reconstruction and Development, International Finance Corporation, or Inter-American Development Bank.  The securities are rated in a rating category of “AA” or its equivalent or better by a NRSRO.  No more than 30% of the total portfolio may be invested in these securities.  No more than 10% of the portfolio may be invested in any single issuer.  The maximum maturity does not exceed five (5) years. X. PORTFOLIO RISK MANAGEMENT A. Prohibited investment vehicles and practices Comment [GL7]: Combined and clarified Mutual Funds and Money Market Mutual Funds to be more consistent with CGC Section 53601(l) Comment [GL8]: On January 1, 2015 Supranationals were added to CGC Section 53601(q) as a permitted investment. We recommend adding to diversify holdings in high- quality investments. 5.1.a Packet Pg. 148 Attachment: Investment Policy - redline 08-21-18 (Statement of Investment Policy) 11 1. State law notwithstanding, any investments not specifically described herein are prohibited, including, but not limited to futures and options. 2. In accordance with Government Code Section 53601.6, investment in inverse floaters, range notes, or mortgage derived interest-only strips is prohibited. 3. Investment in any security that could result in a zero interest accrual if held to maturity is prohibited. 4. Trading securities for the sole purpose of speculating on the future direction of interest rates is prohibited. 5. Purchasing or selling securities on margin is prohibited. 6. The use of reverse repurchase agreements, securities lending or any other form of borrowing or leverage is prohibited. 7. The purchase of foreign currency denominated securities is prohibited. B. Mitigating credit risk in the portfolio Credit risk is the risk that a security or a portfolio will lose some or all of its value due to a real or perceived change in the ability of the issuer to repay its debt. The City will mitigate credit risk by adopting the following strategies: 1. The diversification requirements included in Section VIII are designed to mitigate credit risk in the portfolio; 2. No more than 5% of the total portfolio may be invested in securities of any single issuer, other than the US Government, its agencies and enterprises, Money Market Mutual Funds, Mutual Funds, LAIF, LGIPs, Supranationals, or unless otherwise specified in this investment policy; 3. The City may elect to sell a security prior to its maturity and record a capital gain or loss in order to improve the quality, liquidity or yield of the portfolio in response to market conditions or City’s risk preferences; and, 4. If securities owned by the City are downgraded by either Moody’s or S&P to a level below the quality required by this Investment Policy, it will be the City’s policy to review the credit situation and make a determination as to whether to sell or retain such securities in the portfolio. a. If a security is downgraded, the City Treasurer and Finance Director will use discretion in determining whether to sell or hold the security based on its current maturity, the economic outlook for the issuer, and other relevant factors. Comment [GL9]: We recommend adding language to allow for more than 5% investments in MMFs, Mutual Funds, LAIF, LGIPs, Supranationals, etc. unless otherwise specified. 5.1.a Packet Pg. 149 Attachment: Investment Policy - redline 08-21-18 (Statement of Investment Policy) 12 b. If a decision is made to retain a downgraded security in the portfolio, its presence in the portfolio will be monitored and reported monthly to the governing board. C. Mitigating market risk in the portfolio Market risk is the risk that the portfolio value will fluctuate due to changes in the general level of interest rates. The City recognizes that, over time, longer-term portfolios have the potential to achieve higher returns. On the other hand, longer- term portfolios have higher volatility of return. The City will mitigate market risk by providing adequate liquidity for short-term cash needs, and by making longer- term investments only with funds that are not needed for current cashflow purposes. The City further recognizes that certain types of securities, including variable rate securities, securities with principal paydowns prior to maturity, and securities with embedded options, will affect the market risk profile of the portfolio differently in different interest rate environments. The City, therefore, adopts the following strategies to control and mitigate its exposure to market risk: 1. The City will maintain a minimum of three months of budgeted operating expenditures in short term investments to provide sufficient liquidity for expected disbursements; 2. The maximum percent of callable securities (does not include “make whole call” securities as defined in the Glossary) in the portfolio will be 20%; 3. The maximum stated final maturity of individual securities in the portfolio will be five years, except as otherwise stated in this policy; and, 4. The duration of the portfolio will at all times be approximately equal to the duration (typically plus or minus 20%) of a Market Benchmark Index selected by the City based on the City’s investment objectives, constraints and risk tolerances. The City’s current Benchmark will be documented in the investment procedures manual. XI. INVESTMENT OBJECTIVES (PERFORMANCE STANDARDS AND EVALUATION) A. Overall objective: The investment portfolio will be designed with the overall objective of obtaining a total rate of return throughout economic cycles, commensurate with investment risk constraints and cash flow needs. B. Specific objective: The investment performance objective for the portfolio will be to earn a total rate of return over a market cycle which is approximately equal to the return on the Market Benchmark Index as described in the City’s investment procedures manual. 5.1.a Packet Pg. 150 Attachment: Investment Policy - redline 08-21-18 (Statement of Investment Policy) 13 XII. PROCEDURES AND INTERNAL CONTROLS A. Procedures The City Treasurer and Finance Director will establish written investment policy procedures in a separate investment procedures manual to assist investment staff with day-to-day operations of the investment program consistent with this policy. Such procedures will include explicit delegation of authority to persons responsible for investment transactions. No person may engage in an investment transaction except as provided under the terms of this policy and the procedures established by the City Treasurer and Finance Director. B. Internal Controls The City Treasurer and Finance Director are responsible for establishing and maintaining an internal control structure designed to ensure that the assets of the City are protected from loss, theft or misuse. The internal control structure will be designed to provide reasonable assurance that these objectives are met. Internal controls will be described in the City’s investment procedures manual. XIII. REPORTING, DISCLOSURE AND PROGRAM EVALUATION A. Monthly reports Monthly investment reports will be submitted by the City Treasurer to the City Council. These reports will disclose, at a minimum, the following information about the risk characteristics of the City’s portfolio: 1. An asset listing showing par value, cost and accurate and complete market value of each security, type of investment, issuer, and interest rate; 2. A one-page summary report that shows: a. Average maturity of the portfolio and modified duration of the portfolio; b. Maturity distribution of the portfolio; c. Average portfolio credit quality; and, d. Time-weighted total rate of return for the portfolio for the prior one month, three months, twelve months, year to date, and since inception compared to the Benchmark Index returns for the same periods; 3. A statement of compliance with investment policy, including a schedule of any transactions or holdings which do not comply with this policy or with the California Government Code, including a justification for their presence in the portfolio and a timetable for resolution; and, 4. A statement that the City has adequate funds to meet its cash flow requirements for the next six months. 4.5.A list of transactions for the period. Comment [GL10]: We recommend including a report of transactions in the required reports to be consistent with California Government Code Section 53607. 5.1.a Packet Pg. 151 Attachment: Investment Policy - redline 08-21-18 (Statement of Investment Policy) 14 B. Annual reports 1. The investment policy will be reviewed and adopted at least annually within 120 days of the end of the fiscal year to ensure its consistency with the overall objectives of preservation of principal, liquidity and return, and its relevance to current law and financial and economic trends. 2. A comprehensive annual report will be presented in conjunction with the investment policy review. This report will include comparisons of the City’s return to the Benchmark Index return, suggest policies and improvements that might enhance the investment program, and will include an investment plan for the coming year. C. Periodic audit The City Treasurer may establish a process of periodic independent review by an external expert to assure compliance with internal controls. Prepared by: Thomas Prill, Finance Director Approved as to legal form: ___________________________________ Michael MaurerJeffrey Ballinger, City Attorney Approved: _____________________________________ Crystal RuizAlonso Ledezma, Mayor Date: August 2119, 20184 5.1.a Packet Pg. 152 Attachment: Investment Policy - redline 08-21-18 (Statement of Investment Policy) 15 Appendix I Authorized Personnel The following investments (as defined in Section IX) can only be made by joint approval of the City Treasurer and Finance Director. When an external investment adviser is retained, approval of a proposed portfolio structure by the City Treasurer and Finance Director will suffice. Municipal bonds (City, State, Agency) U.S. Treasury obligations Federal Agency obligations Banker’s acceptances Time deposits, federally insured or collateralized, including CDARS Negotiable certificates of deposit Repurchase agreements Commercial paper Corporate medium term notes Mortgage pass-through and asset-backed securities Mutual funds The following investments (as defined in Section IX) can be made by the Finance Director or his designee: Money market mutual funds (non-brokered) Local Agency Investment Fund (LAIF) County Pooled Investment Funds Joint Powers Authority Pool Bank deposits, federally insured or collateralized 5.1.a Packet Pg. 153 Attachment: Investment Policy - redline 08-21-18 (Statement of Investment Policy) 16 Appendix II GLOSSARY OF INVESTMENT TERMS© Agencies. Shorthand market terminology for any obligation issued by a government- sponsored entity (GSE), or a federally related institution. Most obligations of GSEs are not guaranteed by the full faith and credit of the US government. Examples are: FDIC. The Federal Deposit Insurance Corporation provides insurance backed by the full faith and credit of the US government to certain bank deposits and debt obligations. FFCB. The Federal Farm Credit Bank System provides credit and liquidity in the agricultural industry. FFCB issues discount notes and bonds. FHLB. The Federal Home Loan Bank provides credit and liquidity in the housing market. FHLB issues discount notes and bonds. FHLMC. Like FHLB, the Federal Home Loan Mortgage Corporation provides credit and liquidity in the housing market. FHLMC, also called “FreddieMac” issues discount notes, bonds and mortgage pass-through securities. FNMA. Like FHLB and FreddieMac, the Federal National Mortgage Association was established to provide credit and liquidity in the housing market. FNMA, also known as “FannieMae,” issues discount notes, bonds and mortgage pass- through securities. GNMA. The Government National Mortgage Association, known as “GinnieMae,” issues mortgage pass-through securities, which are guaranteed by the full faith and credit of the US Government. PEFCO. The Private Export Funding Corporation assists exporters. Obligations of PEFCO are not guaranteed by the full faith and credit of the US government. TVA. The Tennessee Valley Authority provides flood control and power and promotes development in portions of the Tennessee, Ohio, and Mississippi River valleys. TVA currently issues discount notes and bonds. Asked. The price at which a seller offers to sell a security. ASSET BACKED SECURITIES. Securities supported by pools of installment loans or leases or by pools of revolving lines of credit. Average Life. In mortgage-related investments, including CMOs, the average time to expected receipt of principal payments, weighted by the amount of principal expected. Banker’s Acceptance. A money market instrument created to facilitate international trade transactions. It is highly liquid and safe because the risk of the trade transaction is transferred to the bank which “accepts” the obligation to pay the investor. Benchmark. A comparison security or portfolio. A performance benchmark is a partial market index, which reflects the mix of securities allowed under a specific investment policy. Bid. The price at which a buyer offers to buy a security. Comment [GL11]: Added terms from the Authorized Investments section to the Glossary. 5.1.a Packet Pg. 154 Attachment: Investment Policy - redline 08-21-18 (Statement of Investment Policy) 17 Broker. A broker brings buyers and sellers together for a transaction for which the broker receives a commission. A broker does not sell securities from his own position. Callable. A callable security gives the issuer the option to call it from the investor prior to its maturity. The main cause of a call is a decline in interest rates. If interest rates decline since an issuer issues securities, it will likely call its current securities and reissue them at a lower rate of interest. Callable securities have reinvestment risk as the investor may receive its principal back when interest rates are lower than when the investment was initially made. Certificate of Deposit (CD). A time deposit with a specific maturity evidenced by a certificate. Large denomination CDs may be marketable. Collateral. Securities or cash pledged by a borrower to secure repayment of a loan or repurchase agreement. Also, securities pledged by a financial institution to secure deposits of public monies. Certificate of Deposit Account Registry System (CDARS). A private placement service that allows local agencies to purchase more than $250,000 in CDs from a single financial institution (must be a participating institution of CDARS) while still maintaining FDIC insurance coverage. CDARS facilitates the trading of deposits between the California institution and other participating institutions in amounts that are less than $250,000 each so that FDIC coverage is maintained. Collateralized Mortgage Obligations (CMO). Classes of bonds that redistribute the cash flows of mortgage securities (and whole loans) to create securities that have different levels of prepayment risk, as compared to the underlying mortgage securities. COLLATERALIZED MORTGAGE OBLIGATIONS (CMO). Classes of bonds that redistribute the cash flows of mortgage securities (and whole loans) to create securities that have different levels of prepayment risk, as compared to the underlying mortgage securities. Commercial Paper. The short-term unsecured debt of corporations. Cost Yield. The annual income from an investment divided by the purchase cost. Because it does not give effect to premiums and discounts which may have been included in the purchase cost, it is an incomplete measure of return. Coupon. The rate of return at which interest is paid on a bond. Credit Risk. The risk that principal and/or interest on an investment will not be paid in a timely manner due to changes in the condition of the issuer. Current Yield. The annual income from an investment divided by the current market value. Since the mathematical calculation relies on the current market value rather than the investor’s cost, current yield is unrelated to the actual return the investor will earn if the security is held to maturity. Dealer. A dealer acts as a principal in security transactions, selling securities from and buying securities for his own position. Debenture. A bond secured only by the general credit of the issuer. Delivery vs. Payment (DVP). A securities industry procedure whereby payment for a security must be made at the time the security is delivered to the purchaser’s agent. 5.1.a Packet Pg. 155 Attachment: Investment Policy - redline 08-21-18 (Statement of Investment Policy) 18 Derivative. Any security that has principal and/or interest payments which are subject to uncertainty (but not for reasons of default or credit risk) as to timing and/or amount, or any security which represents a component of another security which has been separated from other components (“Stripped” coupons and principal). A derivative is also defined as a financial instrument the value of which is totally or partially derived from the value of another instrument, interest rate, or index. Discount. The difference between the par value of a bond and the cost of the bond, when the cost is below par. Some short-term securities, such as T-bills and banker’s acceptances, are known as discount securities. They sell at a discount from par, and return the par value to the investor at maturity without additional interest. Other securities, which have fixed coupons, trade at a discount when the coupon rate is lower than the current market rate for securities of that maturity and/or quality. Diversification. Dividing investment funds among a variety of investments to avoid excessive exposure to any one source of risk. Duration. The weighted average time to maturity of a bond where the weights are the present values of the future cash flows. Duration measures the price sensitivity of a bond to changes in interest rates. (See modified duration). Federal Funds Rate. The rate of interest charged by banks for short-term loans to other banks. The Federal Reserve Bank through open-market operations establishes it. Federal Open Market Committee: A committee of the Federal Reserve Board that establishes monetary policy and executes it through temporary and permanent changes to the supply of bank reserves. Haircut: The margin or difference between the actual market value of a security and the value assessed by the lending side of a transaction (i.e. a repo). Leverage. Borrowing funds in order to invest in securities that have the potential to pay earnings at a rate higher than the cost of borrowing. Liquidity: The speed and ease with which an asset can be converted to cash. LOCAL AGENCY INVESTMENT FUND (LAIF). A voluntary investment fund open to government entities and certain non-profit organizations in California that is managed by the State Treasurer’s Office. LOCAL GOVERNMENT INVESTMENT POOL. Investment pools that range from the State Treasurer’s Office Local Agency Investment Fund (LAIF) to county pools, to Joint Powers Authorities (JPAs). These funds are not subject to the same SEC rules applicable to money market mutual funds. Make Whole Call. A type of call provision on a bond that allows the issuer to pay off the remaining debt early. Unlike a call option, with a make whole call provision, the issuer makes a lump sum payment that equals the net present value (NPV) of future coupon payments that will not be paid because of the call. With this type of call, an investor is compensated, or "made whole." Margin: The difference between the market value of a security and the loan a broker makes using that security as collateral. Market Risk. The risk that the value of securities will fluctuate with changes in overall market conditions or interest rates. Market Value. The price at which a security can be traded. 5.1.a Packet Pg. 156 Attachment: Investment Policy - redline 08-21-18 (Statement of Investment Policy) 19 Marking to Market. The process of posting current market values for securities in a portfolio. Maturity. The final date upon which the principal of a security becomes due and payable. Medium Term Notes. Unsecured, investment-grade senior debt securities of major corporations which are sold in relatively small amounts on either a continuous or an intermittent basis. MTNs are highly flexible debt instruments that can be structured to respond to market opportunities or to investor preferences. Modified Duration. The percent change in price for a 100 basis point change in yields. Modified duration is the best single measure of a portfolio’s or security’s exposure to market risk. Money Market. The market in which short-term debt instruments (Tbills, discount notes, commercial paper, and banker’s acceptances) are issued and traded. Mortgage Pass-Through Securities. A securitized participation in the interest and principal cash flows from a specified pool of mortgages. Principal and interest payments made on the mortgages are passed through to the holder of the security. MUNICIPAL SECURITIES. Securities issued by state and local agencies to finance capital and operating expenses. Mutual Fund. An entity which pools the funds of investors and invests those funds in a set of securities which is specifically defined in the fund’s prospectus. Mutual funds can be invested in various types of domestic and/or international stocks, bonds, and money market instruments, as set forth in the individual fund’s prospectus. For most large, institutional investors, the costs associated with investing in mutual funds are higher than the investor can obtain through an individually managed portfolio. NATIONALLY RECOGNIZED STATISTICAL RATING ORGANIZATION (NRSRO). A credit rating agency that the Securities and Exchange Commission in the United States uses for regulatory purposes. Credit rating agencies provide assessments of an investment's risk. The issuers of investments, especially debt securities, pay credit rating agencies to provide them with ratings. The three most prominent NRSROs are Fitch, S&P, and Moody's. NEGOTIABLE CD. A short-term debt instrument that pays interest and is issued by a bank, savings or federal association, state or federal credit union, or state-licensed branch of a foreign bank. Negotiable CDs are traded in a secondary market and are payable upon order to the bearer or initial depositor (investor). Premium. The difference between the par value of a bond and the cost of the bond, when the cost is above par. Prepayment Speed. A measure of how quickly principal is repaid to investors in mortgage securities. Prepayment Window. The time period over which principal repayments will be received on mortgage securities at a specified prepayment speed. Primary Dealer. A financial institution (1) that is a trading counterparty with the Federal Reserve in its execution of market operations to carry out U.S. monetary policy, and (2) that participates for statistical reporting purposes in compiling data on activity in the U.S. Government securities market. 5.1.a Packet Pg. 157 Attachment: Investment Policy - redline 08-21-18 (Statement of Investment Policy) 20 Prudent Person (Prudent Investor) Rule. A standard of responsibility which applies to fiduciaries. In California, the rule is stated as “Investments shall be managed with the care, skill, prudence and diligence, under the circumstances then prevailing, that a prudent person, acting in a like capacity and familiar with such matters, would use in the conduct of an enterprise of like character and with like aims to accomplish similar purposes.” Realized Yield. The change in value of the portfolio due to interest received and interest earned and realized gains and losses. It does not give effect to changes in market value on securities, which have not been sold from the portfolio. Regional Dealer. A financial intermediary that buys and sells securities for the benefit of its customers without maintaining substantial inventories of securities and that is not a primary dealer. Repurchase Agreement (RP, Repo). Short-term purchases of securities with a simultaneous agreement to sell the securities back at a higher price. From the seller’s point of view, the same transaction is a reverse repurchase agreement. Safekeeping. A service to bank customers whereby securities are held by the bank in the customer’s name. Structured Note. A complex, fixed income instrument, which pays interest, based on a formula tied to other interest rates, commodities or indices. Examples include inverse floating rate notes which have coupons that increase when other interest rates are falling, and which fall when other interest rates are rising, and "dual index floaters," which pay interest based on the relationship between two other interest rates - for example, the yield on the ten-year Treasury note minus the Libor rate. Issuers of such notes lock in a reduced cost of borrowing by purchasing interest rate swap agreements. SUPRANATIONAL. A Supranational is a multi-national organization whereby member states transcend national boundaries or interests to share in the decision making to promote economic development in the member countries. Total Rate of Return. A measure of a portfolio’s performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending value; it includes interest earnings, realized and unrealized gains, and losses in the portfolio. U.S. Treasury Obligations. Securities issued by the U.S. Treasury and backed by the full faith and credit of the United States. Treasuries are considered to have no credit risk, and are the benchmark for interest rates on all other securities in the US and overseas. The Treasury issues both discounted securities and fixed coupon notes and bonds. Treasury Bills. All securities issued with initial maturities of one year or less are issued as discounted instruments, and are called Treasury bills. The Treasury currently issues three- and six-month Tbills at regular weekly auctions. It also issues “cash management” bills as needed to smooth out cash flows. Treasury Notes. All securities issued with initial maturities of two to ten years are called Treasury notes, and pay interest semi-annually. Treasury Bonds. All securities issued with initial maturities greater than ten years are called Treasury bonds. Like Treasury notes, they pay interest semi- annually. 5.1.a Packet Pg. 158 Attachment: Investment Policy - redline 08-21-18 (Statement of Investment Policy) 21 Volatility. The rate at which security prices change with changes in general economic conditions or the general level of interest rates. Yield to Maturity. The annualized internal rate of return on an investment which equates the expected cash flows from the investment to its cost. Copyright 20184 by Chandler Asset Management, Inc. 5.1.a Packet Pg. 159 Attachment: Investment Policy - redline 08-21-18 (Statement of Investment Policy) STATE OF CALIFORNIA) RESOLUTION NO. 3732 COUNTY OF RIVERSIDE)ss CITY OF SAN JACINTO) A RESOLUTION OF THE CITY OF SAN JACINTO, CALIFORNIA, REVISING THE STATEMENT OF INVESTMENT POLICY WHEREAS, Section 53646 of the Government Code of the State of California requires that the Treasurer or Chief Fiscal Officer shall annually render to the legislative body of his/her agency for review and/or amendment, a Statement of Investment Policy; and WHEREAS, any changes to the City’s Statement of Investment must be considered in public session of legislative body; and WHEREAS, the City’s Statement of Investment Policy was last reviewed on August 1, 2017, with no changes; and WHEREAS, the City’s Statement of Investment Policy has been revised to reflect changes in the California Government Code. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of San Jacinto hereby rescinds previous investment policy resolutions and approves the Statement of Investment Policy, as attached hereto in Exhibit “A”. APPROVED, PASSED and ADOPTED this 21st day of August 2018, by the following vote: Ayes: Nays: Abstain: Absent: City of San Jacinto _____________________ Crystal Ruiz, Mayor ATTEST: _________________________ Angela Walton, City Clerk 5.1.b Packet Pg. 160 Attachment: 08-21-18 Resolution - Statement of Investment Policy [Revision 2] (Statement of Investment Policy) EXHIBIT “A” 5.1.b Packet Pg. 161 Attachment: 08-21-18 Resolution - Statement of Investment Policy [Revision 2] (Statement of Investment Policy) CITY OF SAN JACINTO STATEMENT OF INVESTMENT POLICY I. INTRODUCTION The City of San Jacinto’s (City) investment program will conform with federal, state, and other legal requirements, including California Government Code Sections 16429.1-16429.4, 53600-53609 and 53630-53686. The following investment policy addresses the methods, procedures and practices, which must be exercised to ensure effective and judicious fiscal and investment management of the City’s funds. It is the policy of the City to invest public funds in a manner that will provide a market rate of return, given its requirements for preserving principal and meeting the daily cash flow demands of the City. All investments will comply with this Investment Policy and governing laws. This Investment Policy was endorsed and adopted by the City’s governing body (City Council) and is effective as of August 19, 2014. This Investment Policy replaces any previous Investment Policy of the City. II. PUBLIC TRUST All participants in the investment process shall act as custodians of the public trust. Investment officials shall recognize that the investment portfolio is subject to public review and evaluation. The overall program shall be designed and managed with a degree of professionalism that is worthy of the public trust. In a diversified portfolio, it must be recognized that occasional measurement losses are inevitable, and must be considered within the context of the overall portfolio’s investment return, provided that adequate diversification has been implemented. III. SCOPE This Investment Policy applies to all the City’s financial assets and investment activities with the following exceptions: A. Proceeds of debt issuance shall be invested in accordance with the City’s general investment philosophy as set forth in this policy; however, such proceeds are invested in accordance with permitted investment provisions of their specific bond indentures. Pooling of Funds: Except for cash in certain restricted and special funds, the City will consolidate cash and reserve balances from all funds to maximize investment earnings and to increase efficiencies with regard to investment pricing, safekeeping and administration. Investment income will be allocated to the various funds based on their respective participation and in accordance with generally accepted accounting principles. 5.1.b Packet Pg. 162 Attachment: 08-21-18 Resolution - Statement of Investment Policy [Revision 2] (Statement of Investment Policy) IV. GENERAL OBJECTIVES The overriding objectives of the investment program are to preserve principal, provide sufficient liquidity, and manage investment risks. 1. Safety: It is the primary duty and responsibility of the City Treasurer to protect, preserve and maintain cash and investments placed in his/her trust on behalf of the citizens of the City. Safety of principal is the foremost objective of the investment program. Investments will be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio. The objective will be to mitigate credit risk and interest rate risk. 2. Liquidity: The investment portfolio will remain sufficiently liquid to meet all operating requirements that may be reasonably anticipated. Since all cash requirements cannot be anticipated, investments in securities shall be those with active secondary or resale markets. 3. Return: The investment portfolio will be designed with the objective of attaining a market rate of return throughout budgetary and economic cycles, taking into account the investment risk constraints for safety and liquidity needs. Yields should become a consideration only after the basic requirements of safety and liquidity have been met. V. PRUDENCE, INDEMNIFICATION AND ETHICS A. Prudent Investor Standard: Management of the City’s investments is governed by the Prudent Investor Standard as set forth in the California Government Code 53600.3: “…all governing bodies of local agencies or persons authorized to make investment decisions on behalf of those local agencies investing public funds pursuant to this chapter are trustees and therefore fiduciaries subject to the prudent investor standard. When investing, reinvesting, purchasing, acquiring, exchanging, selling, or managing public funds, a trustee shall act with care, skill, prudence, and diligence under the circumstances then prevailing, including, but not limited to, the general economic conditions and the anticipated needs of the agency, that a prudent person acting in a like capacity and familiarity with those matters would use in the conduct of funds of a like character and with like aims, to safeguard the principal and maintain the liquidity needs of the agency. Within the limitations of this section and considering individual investments as part of an overall strategy, investments may be acquired as authorized by law.” In keeping with the objectives (Section IV), in addition to safegua rding the principle and maintaining the liquidity needs of the City, a prudent investor should also optimize return or yield to the greatest extent possible. B. Indemnification: The City Treasurer, Finance Director and other authorized persons responsible for managing City funds, acting in accordance with written procedures and the investment policy and exercising due diligence, will be relieved of personal 5.1.b Packet Pg. 163 Attachment: 08-21-18 Resolution - Statement of Investment Policy [Revision 2] (Statement of Investment Policy) responsibility for an individual security’s credit risk or market price changes, provided deviations from expectations are reported within 30 days and appropriate action is taken to control adverse developments. C. Ethics: Officers and employees involved in the investment process are prohibited from personal business activity that could conflict with proper execution of the investment program, or which could impair their ability to make impartial investment decisions. VI. DELEGATION OF AUTHORITY A. Authority to manage the City’s investment program is derived from California Government Code Sections 53600 et seq. The City Council is responsible for the City’s cash management, including the administration of this Investment Policy. Management responsibility for the cash management of City funds is hereby delegated to the City Treasurer and the Finance Director. The City Treasurer and Finance Director will be responsible for all transactions undertaken and will establish a system of procedures and controls to regulate the activities of subordinate employees. B. The City may engage the services of one or more external investment managers to assist in the management of the City’s investment portfolio in a manner consistent with the City’s objectives. Such external managers may be granted discretion to purchase and sell investment securities in accordance with this Investment Policy. Such managers must be registered under the Investment Advisers Act of 1940. VII. AUTHORIZED FINANCIAL INSTITUTIONS, DEPOSITORIES, AND BROKER/DEALERS A list will be maintained of financial institutions and depositories authorized to provide investment services. In addition, a list will be maintained of approved security broker/dealers selected by conducting a process of due diligence. These may include "primary" dealers or regional dealers that qualify under Securities and Exchange Commission (SEC) Rule 15C3-1 (uniform net capital rule). A. The City Treasurer and Finance Director will determine which financial institutions are authorized to provide investment services to the City. Institutions eligible to transact investment business with the City include: 1. Primary government dealers as designated by the Federal Reserve Bank; 2. Nationally or state-chartered banks; 3. The Federal Reserve Bank; and, 4. Direct issuers of securities eligible for purchase. 5.1.b Packet Pg. 164 Attachment: 08-21-18 Resolution - Statement of Investment Policy [Revision 2] (Statement of Investment Policy) B. Selection of financial institutions and broker/dealers authorized to engage in transactions with the City will be at the sole discretion of the City. C. All financial institutions which desire to become qualified bidders for investment transactions (and which are not dealing only with the investment adviser) must supply the Finance Director with a statement certifying that the institution has reviewed the California Government Code Section 53600 et seq. and the City’s Investment Policy. D. Selection of broker/dealers used by an external investment adviser retained by the City will be at the sole discretion of the investment adviser, provided they meet all of the requirements as stated. E. Public deposits will be made only in qualified public depositories as established by State law. Deposits will be insured by the Federal Deposit Insurance Corporation (FDIC), or, to the extent the amount exceeds the insured maximum, will be collateralized in accordance with State law. Financial institutions that do not offer FDIC insurance will not be invested in. A written contract of deposit of public funds must be obtained from the financial institution, indicating the institution’s policy and process of FDIC insurance and collateralization. VIII. DELIVERY, SAFEKEEPING AND CUSTODY, AND COMPETITIVE TRANSACTIONS A. Delivery-versus-payment: Settlement of all investment transactions will be completed using standard delivery-vs.-payment procedures. B. Third-party safekeeping: To protect against potential losses by collapse of individual securities dealers, and to enhance access to securities, interest payments and maturity proceeds, all securities owned by the City will be held in safekeeping by a third party bank custodian, acting as agent for the City under the terms of a custody agreement executed by the bank and the City. C. Competitive transactions: All investment transactions will be conducted on a competitive basis which can be executed through a bidding process involving at least three separate brokers/financial institutions or through the use of a nationally recognized trading platform. IX. AUTHORIZED AND SUITABLE INVESTMENTS All investments will be made in accordance with Sections 53600 et seq. of the Government Code of California and as described within this Investment Policy. Percentage limitations and minimum credit ratings described in this section will be applicable at the time of purchase. Permitted investments under this policy will include: 1. Municipal Securities include obligations of the City of San Jacinto, the State of California and any local agency within the State of California, provided that: 5.1.b Packet Pg. 165 Attachment: 08-21-18 Resolution - Statement of Investment Policy [Revision 2] (Statement of Investment Policy) a. The securities are rated in a rating category of “A” or its equivalent or better by at least one nationally recognized statistical rating organization (“NRSRO”); b. No more than 5% of the portfolio may be invested in any single issuer; c. No more than 30% of the portfolio may be in Municipal Securities; and d. The maximum maturity does not exceed five (5) years. 2. Municipal Securities (Registered Treasury Notes or Bonds) of any of the other 49 states in addition to California, including bonds payable solely out of the revenues from a revenue-producing property owned, controlled, or operated by a state or by a department, board, agency, or authority of any of the other 49 states, in addition to California, provided that: a. The securities are rated in a rating category of “A” or its equivalent or better by at least one NRSRO; b. No more than 5% of the portfolio may be invested in any single issuer; c. No more than 30% of the portfolio may be in Municipal Securities; and d. The maximum maturity does not exceed five (5) years. 1. U.S. Treasury and other government obligations for which the full faith and credit of the United States are pledged for the payment of principal and interest. There are no limits on the dollar amount or percentage that the City may invest in U.S. Treasuries. 2. Federal Agency or United States government-sponsored enterprise obligations, participations, or other instruments, including those issued by or fully guaranteed as to principal and interest by federal agencies or United States government-sponsored enterprises. There are no limits on the dollar amount or percentage that the City may invest in government-sponsored enterprises. 3. Banker’s acceptances, provided that: a. They are issued by institutions with short term debt obligations rated ”A-1” or higher, or the equivalent, by at least two NRSROs, and have long-term debt obligations which are rated in the ”A” category or higher by at least two NRSROs; b. The maturity does not exceed 180 days; and c. No more than 40% of the total portfolio may be invested in banker’s acceptances and no more than 5% per issuer. 4. Federally insured time deposits (Non-negotiable certificates of deposit) in state or federally chartered banks, savings and loans, or credit unions, provided that: a. The amount per institution is limited to the maximum covered under federal insurance; 5.1.b Packet Pg. 166 Attachment: 08-21-18 Resolution - Statement of Investment Policy [Revision 2] (Statement of Investment Policy) b. No more than 20% of the portfolio will be invested in a combination of federally insured and collateralized time deposits; and c. The maturity of such deposits does not exceed 5 years. 5. Collateralized time deposits (Non-negotiable certificates of deposit) in state or federally chartered banks, savings and loans, or credit unions in excess of insured amounts which are fully collateralized with securities in accordance with California law, provided that: a. No more than 20% of the portfolio will be invested in a combination of federally insured and collateralized time deposits; b. They are issued by institutions which have long-term debt obligations which are rated in the ”A” category or higher by at least two NRSROs, and/or have short term obligations rated ”A-1” or higher, or the equivalent, by at least two NRSROs; and c. The maturity of such deposits does not exceed 5 years. 6. Certificate of Deposit Placement Service (CDARS), provided that: a. No more than 30% of the total portfolio may be invested in a combination of certificates of deposit including CDARS; and b. The maturity of CDARS deposits does not exceed five years. 7. Negotiable certificates of deposit (NCDs), issued by a nationally or state-chartered bank, a savings association or a federal association, a state or federal credit union, or by a federal licensed or state licensed branch of a foreign bank, provided that: a. They are issued by institutions which have long-term obligations which are rated in the ”A” category or higher by at least two NRSROs, and/or have short term debt obligations rated ”A-1” or higher, or the equivalent, by at least two NRSROs; b. The maturity does not exceed five years; and c. No more than 30% of the total portfolio may be invested in NCDs and no more than 5% per issuer. 8. Collateralized bank deposits. The City’s deposits with financial institutions will be collateralized with pledged securities per California Government Code, Section 53651. There are no limits on the dollar amount or percentage that the Agency may invest in collateralized bank deposits. 5.1.b Packet Pg. 167 Attachment: 08-21-18 Resolution - Statement of Investment Policy [Revision 2] (Statement of Investment Policy) 9. Repurchase agreements collateralized with securities authorized under Sections VI and VIII (2 and 3) of this policy maintained at a level of at least 102% of the market value of the repurchase agreements, provided that: a. The maximum maturity of repurchase agreements will be 1 year; b. There is no limit to the amount to be invested in repurchase agreements; c. Securities used as collateral for repurchase agreements will be delivered to the City’s custodian bank (See Section VII B); and d. The repurchase agreements are the subject of a master repurchase agreement between the City and the provider of the repurchase agreement. The master repurchase agreement will be substantially in the form developed by the Securities Industry and Financial Markets Association (SIFMA). 10. Commercial paper, provided that: a. The maturity does not exceed 270 days from the date of purchase; b. The issuer is a corporation organized and operating in the United States with assets in excess of $500 million; c. They are issued by institutions whose short term obligations are rated ”A-1” or higher, or the equivalent, by at least two NRSROs, and whose long-term obligations are rated ”A” category or higher by at least two NRSROs; and d. No more than 25% of the portfolio is invested in commercial paper and no more than 5% per issuer. 11. State of California Local Agency Investment Fund (LAIF), provided that: a. No more than 70% of the total portfolio may be invested in LAIF, up to the maximum permitted balance; and b. LAIF’s investments in instruments prohibited by or not specified in the City’s policy do not exclude it from the City’s list of allowable investments, provided that the fund’s reports allow the City Treasurer and Finance Director to adequately judge the risk inherent in LAIF’s portfolio. 12. Local government investment pools and Joint Powers Authority Pools a. Riverside County Investment Fund, no more than 70% of the total portfolio; and b. JPA Pools, no more than 50% of the total portfolio. 5.1.b Packet Pg. 168 Attachment: 08-21-18 Resolution - Statement of Investment Policy [Revision 2] (Statement of Investment Policy) 13. Corporate medium term notes (MTNs), provided that: a. Such notes have a maximum maturity of five years; b. Are issued by corporations organized and operating within the United States or by depository institutions licensed by the United States or any state and operating within the United States; c. Are rated ”A” category or better by at least two NRSROs; and d. Holdings of medium-term notes may not exceed 30% of the portfolio and no more than 5% per issuer. 14. Mortgage pass-through, mortgage-backed, collateralized mortgage obligations, and asset-backed securities, provided that such securities: a. have a maximum stated final maturity of five years; b. be issued by an issuer having an “A” category or higher rating for the issuer’s debt as provided by at least two NRSROs; c. be rated in a rating category of “AA” category or its equivalent or better by at least two NRSROs; and d. Purchase of securities authorized by this subdivision may not exceed 20% of the portfolio. 17. Mutual Funds and Money Market Mutual Funds that are registered with the Securities and Exchange Commission under the Investment Company Act of 1940, provided that: a. Mutual Funds that invest in the securities and obligations as authorized under California Government Code, Section 53601 (a) to (k) and (m) to (q) inclusive and that meet either of the following criteria: 1. Attained the highest ranking or the highest letter and numerical rating provided by not less than two (2) NRSROs; or 2. Have retained an investment adviser registered or exempt from registration with the Securities and Exchange Commission with not less than five years’ experience investing in the securities and obligations authorized by California Government Code, Section 53601 and with assets under management in excess of $500 million. 3. No more than 10% of the total portfolio may be invested in shares of any one mutual fund. 5.1.b Packet Pg. 169 Attachment: 08-21-18 Resolution - Statement of Investment Policy [Revision 2] (Statement of Investment Policy) b. Money Market Mutual Funds registered with the Securities and Exchange Commission under the Investment Company Act of 1940 and issued by diversified management companies and meet either of the following criteria: 1. Have attained the highest ranking or the highest letter and numerical rating provided by not less than two (2) NRSROs; or 2. Have retained an investment adviser registered or exempt from registration with the Securities and Exchange Commission with not less than five years’ experience managing money market mutual funds with assets under management in excess of $500 million. 3. No more than 20% of the total portfolio may be invested in Money Market Mutual Funds. c. No more than 20% of the total portfolio may be invested in these securities. 18. Supranationals, provided that: a. Issues are US dollar denominated senior unsecured unsubordinated obligations issued or unconditionally guaranteed by the International Bank for Reconstruction and Development, International Finance Corporation, or Inter-American Development Bank; . b. The securities are rated in a rating category of “AA” or its equivalent or better by a NRSRO; . c. No more than 30% of the total portfolio may be invested in these securities; . d. No more than 10% of the portfolio may be invested in any single issuer; and . e. The maximum maturity does not exceed five (5) years. X. PORTFOLIO RISK MANAGEMENT A. Prohibited investment vehicles and practices 1. State law notwithstanding, any investments not specifically described herein are prohibited, including, but not limited to futures and options. 2. In accordance with Government Code Section 53601.6, investment in inverse floaters, range notes, or mortgage derived interest-only strips is prohibited. 3. Investment in any security that could result in a zero interest accrual if held to maturity is prohibited. 4. Trading securities for the sole purpose of speculating on the future direction of interest rates is prohibited. 5.1.b Packet Pg. 170 Attachment: 08-21-18 Resolution - Statement of Investment Policy [Revision 2] (Statement of Investment Policy) 5. Purchasing or selling securities on margin is prohibited. 6. The use of reverse repurchase agreements, securities lending or any other form of borrowing or leverage is prohibited. 7. The purchase of foreign currency denominated securities is prohibited. B. Mitigating credit risk in the portfolio Credit risk is the risk that a security or a portfolio will lose some or all of its value due to a real or perceived change in the ability of the issuer to repay its debt. The City will mitigate credit risk by adopting the following strategies: 1. The diversification requirements included in Section VIII are designed to mitigate credit risk in the portfolio; 2. No more than 5% of the total portfolio may be invested in securities of any single issuer, other than the US Government, its agencies and enterprises, Money Market Mutual Funds, Mutual Funds, LAIF, LGIPs, Supranationals, or unless otherwise specified in this investment policy; 3. The City may elect to sell a security prior to its maturity and record a capital gain or loss in order to improve the quality, liquidity or yield of the portfolio in response to market conditions or City’s risk preferences; and 4. If securities owned by the City are downgraded by either Moody’s or S&P to a level below the quality required by this Investment Policy, it will be the City’s policy to review the credit situation and make a determination as to whether to sell or retain such securities in the portfolio. a. If a security is downgraded, the City Treasurer and Finance Director will use discretion in determining whether to sell or hold the security based on its current maturity, the economic outlook for the issuer, and other relevant factors. b. If a decision is made to retain a downgraded security in the portfolio, its presence in the portfolio will be monitored and reported monthly to the governing board. C. Mitigating market risk in the portfolio Market risk is the risk that the portfolio value will fluctuate due to changes in the general level of interest rates. The City recognizes that, over time, longer-term portfolios have the potential to achieve higher returns. On the other hand, longer-term portfolios have higher volatility of return. The City will mitigate market risk by providing adequate liquidity for short-term cash needs, and by making longer-term investments only with funds that are not needed for current cashflow purposes. The City further recognizes that certain types of securities, including variable rate securities, securities with principal 5.1.b Packet Pg. 171 Attachment: 08-21-18 Resolution - Statement of Investment Policy [Revision 2] (Statement of Investment Policy) paydowns prior to maturity, and securities with embedded options, will affect the market risk profile of the portfolio differently in different interest rate environments. The City, therefore, adopts the following strategies to control and mitigate its exposure to market risk: 1. The City will maintain a minimum of three months of budgeted operating expenditures in short term investments to provide sufficient liquidity for expected disbursements; 2. The maximum percent of callable securities (does not include “make whole call” securities as defined in the Glossary) in the portfolio will be 20%; 3. The maximum stated final maturity of individual securities in the portfolio will be five years, except as otherwise stated in this policy; and 4. The duration of the portfolio will at all times be approximately equal to the duration (typically plus or minus 20%) of a Market Benchmark Index selected by the Cit y based on the City’s investment objectives, constraints and risk tolerances. The City’s current Benchmark will be documented in the investment procedures manual. XI. INVESTMENT OBJECTIVES (PERFORMANCE STANDARDS AND EVALUATION) A. Overall objective: The investment portfolio will be designed with the overall objective of obtaining a total rate of return throughout economic cycles, commensurate with investment risk constraints and cash flow needs. B. Specific objective: The investment performance objective for the portfolio will be to earn a total rate of return over a market cycle which is approximately equal to the return on the Market Benchmark Index as described in the City’s investment procedures manual. XII. PROCEDURES AND INTERNAL CONTROLS A. Procedures The City Treasurer and Finance Director will establish written investment policy procedures in a separate investment procedures manual to assist investment staff with day-to-day operations of the investment program consistent with this policy. Such proc edures will include explicit delegation of authority to persons responsible for investment transactions. No person may engage in an investment transaction except as provided under the terms of this policy and the procedures established by the City Treasurer and Finance Director. B. Internal Controls The City Treasurer and Finance Director are responsible for establishing and maintaining an internal control structure designed to ensure that the assets of the City are protected from loss, theft or misuse. The internal control structure will be designed to provide reasonable assurance that these objectives are met. Internal controls will be described in the City’s investment procedures manual. 5.1.b Packet Pg. 172 Attachment: 08-21-18 Resolution - Statement of Investment Policy [Revision 2] (Statement of Investment Policy) XIII. REPORTING, DISCLOSURE AND PROGRAM EVALUATION A. Monthly reports Monthly investment reports will be submitted by the City Treasurer to the City Council. These reports will disclose, at a minimum, the following information about the risk characteristics of the City’s portfolio: 1. An asset listing showing par value, cost and accurate and complete market value of each security, type of investment, issuer, and interest rate; 2. A one-page summary report that shows: a. Average maturity of the portfolio and modified duration of the portfolio; b. Maturity distribution of the portfolio; c. Average portfolio credit quality; and d. Time-weighted total rate of return for the portfolio for the prior one month, three months, twelve months, year to date, and since inception compared to the Benchmark Index returns for the same periods; 3. A statement of compliance with investment policy, including a schedule of any transactions or holdings which do not comply with this policy or with the California Government Code, including a justification for their presence in the portfolio and a timetable for resolution; 4. A statement that the City has adequate funds to meet its cash flow requirements for the next six months; and 5. A list of transactions for the period. B. Annual reports 1. The investment policy will be reviewed and adopted at least annually within 120 days of the end of the fiscal year to ensure its consistency with the overall objectives of preservation of principal, liquidity and return, and its relevance to current law and financial and economic trends. 2. A comprehensive annual report will be presented in conjunction with the investment policy review. This report will include comparisons of the City’s return to the Benchmark Index return, suggest policies and improvements that might enhance the investment program, and will include an investment plan for the coming year. C. Periodic audit The City Treasurer may establish a process of periodic independent review by an external expert to assure compliance with internal controls. 5.1.b Packet Pg. 173 Attachment: 08-21-18 Resolution - Statement of Investment Policy [Revision 2] (Statement of Investment Policy) Prepared by: Thomas Prill, Finance Director Approved as to legal form: ___________________________________ Michael Maurer, City Attorney Approved: _____________________________________ Crystal Ruiz, Mayor Date: August 21, 2018 5.1.b Packet Pg. 174 Attachment: 08-21-18 Resolution - Statement of Investment Policy [Revision 2] (Statement of Investment Policy) Appendix I Authorized Personnel The following investments (as defined in Section IX) can only be made by joint approval of the City Treasurer and Finance Director. When an external investment adviser is retained, approval of a proposed portfolio structure by the City Treasurer and Finance Director will suffice. Municipal securities (City, State, Agency) U.S. Treasury obligations Federal Agency obligations Banker’s acceptances Time deposits, federally insured or collateralized, including CDARS Negotiable certificates of deposit Repurchase agreements Commercial paper Corporate medium term notes Mortgage pass-through and asset-backed securities Mutual funds Supranational obligations The following investments (as defined in Section IX) can be made by the Finance Director or his designee: Money market mutual funds (non-brokered) Local Agency Investment Fund (LAIF) County Pooled Investment Funds Joint Powers Authority Pool Bank deposits, federally insured or collateralized 5.1.b Packet Pg. 175 Attachment: 08-21-18 Resolution - Statement of Investment Policy [Revision 2] (Statement of Investment Policy) Appendix II GLOSSARY OF INVESTMENT TERMS© Agencies. Shorthand market terminology for any obligation issued by a government-sponsored entity (GSE), or a federally related institution. Most obligations of GSEs are not guaranteed by the full faith and credit of the US government. Examples are: FDIC. The Federal Deposit Insurance Corporation provides insurance backed by the full faith and credit of the US government to certain bank deposits and debt obligations. FFCB. The Federal Farm Credit Bank System provides credit and liquidity in the agricultural industry. FFCB issues discount notes and bonds. FHLB. The Federal Home Loan Bank provides credit and liquidity in the housing market. FHLB issues discount notes and bonds. FHLMC. Like FHLB, the Federal Home Loan Mortgage Corporation provides credit and liquidity in the housing market. FHLMC, also called “FreddieMac” issues discount notes, bonds and mortgage pass-through securities. FNMA. Like FHLB and FreddieMac, the Federal National Mortgage Association was established to provide credit and liquidity in the housing market. FNMA, also known as “FannieMae,” issues discount notes, bonds and mortgage pass-through securities. GNMA. The Government National Mortgage Association, known as “GinnieMae,” issues mortgage pass-through securities, which are guaranteed by the full faith and credit of the US Government. PEFCO. The Private Export Funding Corporation assists exporters. Obligations of PEFCO are not guaranteed by the full faith and credit of the US government. TVA. The Tennessee Valley Authority provides flood control and power and promotes development in portions of the Tennessee, Ohio, and Mississippi River valleys. TVA currently issues discount notes and bonds. Asked. The price at which a seller offers to sell a security. Asset Backed Securities. Securities supported by pools of installment loans or leases or by pools of revolving lines of credit. Average Life. In mortgage-related investments, including CMOs, the average time to expected receipt of principal payments, weighted by the amount of principal expected. Banker’s Acceptance. A money market instrument created to facilitate international trade transactions. It is highly liquid and safe because the risk of the trade transaction is transferred to the bank which “accepts” the obligation to pay the investor. Benchmark. A comparison security or portfolio. A performance benchmark is a partial market index, which reflects the mix of securities allowed under a specific investment policy. Bid. The price at which a buyer offers to buy a security. Broker. A broker brings buyers and sellers together for a transaction for which the broker receives a commission. A broker does not sell securities from his own position. Callable. A callable security gives the issuer the option to call it from the investor prior to its maturity. The main cause of a call is a decline in interest rates. If interest rates decline since an issuer issues securities, it will likely call its current securities and reissue them at a lower rate of interest. Callable securities have reinvestment risk as the investor may receive its principal back when interest rates are lower than when the investment was initially made. 5.1.b Packet Pg. 176 Attachment: 08-21-18 Resolution - Statement of Investment Policy [Revision 2] (Statement of Investment Policy) Certificate of Deposit (CD). A time deposit with a specific maturity evidenced by a certificate. Large denomination CDs may be marketable. Collateral. Securities or cash pledged by a borrower to secure repayment of a loan or repurchase agreement. Also, securities pledged by a financial institution to secure deposits of public monies. Certificate of Deposit Account Registry System (CDARS). A private placement service that allows local agencies to purchase more than $250,000 in CDs from a single financial institution (must be a participating institution of CDARS) while still maintaining FDIC insurance coverage. CDARS facilitates the trading of deposits between the California institution and other participating institutions in amounts that are less than $250,000 each so that FDIC coverage is maintained. Collateralized Mortgage Obligations (CMO). Classes of bonds that redistribute the cash flows of mortgage securities (and whole loans) to create securities that have different levels of prepayment risk, as compared to the underlying mortgage securities. Collateralized Mortgage Obligations (CMO). Classes of bonds that redistribute the cash flows of mortgage securities (and whole loans) to create securities that have different levels of prepayment risk, as compared to the underlying mortgage securities. Commercial Paper. The short-term unsecured debt of corporations. Cost Yield. The annual income from an investment divided by the purchase cost. Because it does not give effect to premiums and discounts which may have been included in the purchase cost, it is an incomplete measure of return. Coupon. The rate of return at which interest is paid on a bond. Credit Risk. The risk that principal and/or interest on an investment will not be paid in a timely manner due to changes in the condition of the issuer. Current Yield. The annual income from an investment divided by the current market value. Since the mathematical calculation relies on the current market value rather than the investor’s cost, current yield is unrelated to the actual return the investor will earn if the security is held to maturity. Dealer. A dealer acts as a principal in security transactions, selling securities from and buying securities for his own position. Debenture. A bond secured only by the general credit of the issuer. Delivery vs. Payment (DVP). A securities industry procedure whereby payment for a security must be made at the time the security is delivered to the purchaser’s agent. Derivative. Any security that has principal and/or interest payments which are subject to uncertainty (but not for reasons of default or credit risk) as to timing and/or amount, or any security which represents a component of another security which has been separated from other components (“Stripped” coupons and principal). A derivative is also defined as a financial instrument the value of which is totally or partially derived from the value of another instrument, interest rate, or index. Discount. The difference between the par value of a bond and the cost of the bond, when the cost is below par. Some short-term securities, such as T-bills and banker’s acceptances, are known as discount securities. They sell at a discount from par, and return the par value to the investor at maturity without additional interest. Other securities, which have fixed coupons, trade at a discount when the coupon rate is lower than the current market rate for securities of that maturity and/or quality. 5.1.b Packet Pg. 177 Attachment: 08-21-18 Resolution - Statement of Investment Policy [Revision 2] (Statement of Investment Policy) Diversification. Dividing investment funds among a variety of investments to avoid excessive exposure to any one source of risk. Duration. The weighted average time to maturity of a bond where the weights are the present values of the future cash flows. Duration measures the price sensitivity of a bond to changes in interest rates. (See modified duration). Federal Funds Rate. The rate of interest charged by banks for short-term loans to other banks. The Federal Reserve Bank through open-market operations establishes it. Federal Open Market Committee. A committee of the Federal Reserve Board that establishes monetary policy and executes it through temporary and permanent changes to the supply of bank reserves. Haircut. The margin or difference between the actual market value of a security and the value assessed by the lending side of a transaction (i.e. a repo). Leverage. Borrowing funds in order to invest in securities that have the potential to pay earnings at a rate higher than the cost of borrowing. Liquidity. The speed and ease with which an asset can be converted to cash. Local Agency Investment Fund (LAIF). A voluntary investment fund open to government entities and certain non-profit organizations in California that is managed by the State Treasurer’s Office. Local Government Investment Pool. Investment pools that range from the State Treasurer’s Office Local Agency Investment Fund (LAIF) to county pools, to Joint Powers Authorities (JPAs). These funds are not subject to the same SEC rules applicable to money market mutual funds. Make Whole Call. A type of call provision on a bond that allows the issuer to pay off the remaining debt early. Unlike a call option, with a make whole call provision, the issuer makes a lump sum payment that equals the net present value (NPV) of future coupon payments that will not be paid because of the call. With this type of call, an investor is compensated, or "made whole." Margin. The difference between the market value of a security and the loan a broker makes using that security as collateral. Market Risk. The risk that the value of securities will fluctuate with changes in overall market conditions or interest rates. Market Value. The price at which a security can be traded. Marking to Market. The process of posting current market values for securities in a portfolio. Maturity. The final date upon which the principal of a security becomes due and payable. Medium Term Notes. Unsecured, investment-grade senior debt securities of major corporations which are sold in relatively small amounts on either a continuous or an intermittent basis. MTNs are highly flexible debt instruments that can be structured to respond to market opportunities or to investor preferences. Modified Duration. The percent change in price for a 100 basis point change in yields. Modified duration is the best single measure of a portfolio’s or security’s exposure to market risk. Money Market. The market in which short-term debt instruments (T-bills, discount notes, commercial paper, and banker’s acceptances) are issued and traded. Mortgage Pass-Through Securities. A securitized participation in the interest and principal cash flows from a specified pool of mortgages. Principal and interest payments made on the mortgages are passed through to the holder of the security. 5.1.b Packet Pg. 178 Attachment: 08-21-18 Resolution - Statement of Investment Policy [Revision 2] (Statement of Investment Policy) Municipal Securities. Securities issued by state and local agencies to finance capital and operating expenses. Mutual Fund. An entity which pools the funds of investors and invests those funds in a set of securities which is specifically defined in the fund’s prospectus. Mutual funds can be invested in various types of domestic and/or international stocks, bonds, and money market instruments, as set forth in the individual fund’s prospectus. For most large, institutional investors, the costs associated with investing in mutual funds are higher than the investor can obtain through an individually managed portfolio. . A credit rating agency that the Securities and Exchange Commission in the United States uses for regulatory purposes. Credit rating agencies provide assessments of an investment's risk. The issuers of investments, especially debt securities, pay credit rating agencies to provide them with ratings. The three most prominent NRSROs are Fitch, S&P, and Moody's. Negotiable CD. A short-term debt instrument that pays interest and is issued by a bank, savings or federal association, state or federal credit union, or state-licensed branch of a foreign bank. Negotiable CDs are traded in a secondary market and are payable upon order to the bearer or initial depositor (investor). Premium. The difference between the par value of a bond and the cost of the bond, when the cost is above par. Prepayment Speed. A measure of how quickly principal is repaid to investors in mortgage securities. Prepayment Window. The time period over which principal repayments will be received on mortgage securities at a specified prepayment speed. Primary Dealer. A financial institution (1) that is a trading counterparty with the Federal Reserve in its execution of market operations to carry out U.S. monetary policy, and (2) that participates for statistical reporting purposes in compiling data on activity in the U.S. Government securities market. Prudent Person (Prudent Investor) Rule. A standard of responsibility which applies to fiduciaries. In California, the rule is stated as “Investments shall be managed with the care, skill, prudence and diligence, under the circumstances then prevailing, that a prudent person, acting in a like capacity and familiar with such matters, would use in the conduct of an enterprise of like character and with like aims to accomplish similar purposes.” Realized Yield. The change in value of the portfolio due to interest received and interest earned and realized gains and losses. It does not give effect to changes in market value on securities, which have not been sold from the portfolio. Regional Dealer. A financial intermediary that buys and sells securities for the benefit of its customers without maintaining substantial inventories of securities and that is not a primary dealer. Repurchase Agreement (RP, Repo). Short-term purchases of securities with a simultaneous agreement to sell the securities back at a higher price. From the seller’s point of view, the same transaction is a reverse repurchase agreement. Safekeeping. A service to bank customers whereby securities are held by the bank in the customer’s name. Structured Note. A complex, fixed income instrument, which pays interest, based on a formula tied to other interest rates, commodities or indices. Examples include inverse floating rate 5.1.b Packet Pg. 179 Attachment: 08-21-18 Resolution - Statement of Investment Policy [Revision 2] (Statement of Investment Policy) notes which have coupons that increase when other interest rates are falling, and which fall when other interest rates are rising, and "dual index floaters," which pay interest based on the relationship between two other interest rates - for example, the yield on the ten-year Treasury note minus the Libor rate. Issuers of such notes lock in a reduced cost of borrowing by purchasing interest rate swap agreements. Supranational. A Supranational is a multi-national organization whereby member states transcend national boundaries or interests to share in the decision making to promote economic development in the member countries. Total Rate of Return. A measure of a portfolio’s performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending value; it includes interest earnings, realized and unrealized gains, and losses in the portfolio. U.S. Treasury Obligations. Securities issued by the U.S. Treasury and backed by the full faith and credit of the United States. Treasuries are considered to have no credit risk, and are the benchmark for interest rates on all other securities in the US and overseas. The Treasury issues both discounted securities and fixed coupon notes and bonds. Treasury Bills. All securities issued with initial maturities of one year or less are issued as discounted instruments, and are called Treasury bills. The Treasury currently issues three- and six-month Tbills at regular weekly auctions. It also issues “cash management” bills as needed to smooth out cash flows. Treasury Notes. All securities issued with initial maturities of two to ten years are called Treasury notes, and pay interest semi-annually. Treasury Bonds. All securities issued with initial maturities greater than ten years are called Treasury bonds. Like Treasury notes, they pay interest semi-annually. Volatility. The rate at which security prices change with changes in general economic conditions or the general level of interest rates. Yield to Maturity. The annualized internal rate of return on an investment which equates the expected cash flows from the investment to its cost. Copyright 2018 by Chandler Asset Management, Inc. 5.1.b Packet Pg. 180 Attachment: 08-21-18 Resolution - Statement of Investment Policy [Revision 2] (Statement of Investment Policy) September 4, 2018 TO: City Council REQUESTED BY: Tom Prill, Finance Director APPROVED BY: Robert A. Johnson, City Manager SUBJECT: Investment Portfolio Review with Advisors RECOMMENDATION: Receive and File. DISCUSSION: In May 2012, the City Council approved the use of two Investment Advisors to control a portfolio of $10 million each. Chandler Asset Management has maintained one portfolio for 6 years and 2 months, while Public Trust Advisors (formerly BLX) has maintained another portfolio for 5 years and 10 months. Both Chandler and PTA will be in attendance to make brief presentations (attached) and to answer questions from the City Council. FISCAL IMPACT: N/A ATTACHMENTS: Chandler - Presentation - 08-21-18 for PE 07-31-18 PTA - Annual Portfolio Review_2018 5.2 Packet Pg. 181 6225 Lusk Blvd | San Diego, CA 92121 | Phone 800.317.4747 | Fax 858.546.3741 | www.chandlerasset.com CHANDLER ASSET MAN AGEMEN T Period Ending July 31, 2018 City of San Jacinto, California Investment Report 5.2.a Packet Pg. 182 Attachment: Chandler - Presentation - 08-21-18 for PE 07-31-18 (Investment Portfolio Table of Contents SECTION 1 Economic Update SECTION 2 Account Profile SECTION 3 Portfolio Holdings SECTION 4 Transactions 1 5.2.a Packet Pg. 183 Attachment: Chandler - Presentation - 08-21-18 for PE 07-31-18 (Investment Portfolio SECTION 1 Economic Update 2 5.2.a Packet Pg. 184 Attachment: Chandler - Presentation - 08-21-18 for PE 07-31-18 (Investment Portfolio Economic Update ▪ ▪ ▪ We are forecasting GDP growth of about 2.5%-3.0%in 2018,which is in line with the Fed’s forecast and the market consensus.This would equate to an increase over 2017 GDP growth of 2.2%.Overall,economic data remains favorable but predictive economic indicators suggest that economic growth is unlikely to accelerate in the second half of the year. Although GDP grew at an annualized pace of 4.1% in the second quarter, we do not believe that pace is sustainable over the near term and expect growth to ease back to the 2.5%-3.0% range in the second half of the year. The Federal Open Market Committee (FOMC)unanimously voted to keep the fed funds target rate unchanged at a range of 1.75%-2.00%at the August 1st meeting.The FOMC noted that economic activity has been rising at a “strong rate”and policymakers expect that further gradual increases in the fed funds rate will be appropriate.Market participants believe there is a very high probability that the next rate hike will be in September.The market-implied probability of another hike in December is also now well above 50%.We remain somewhat circumspect,relative to the market consensus,on the pace of continued monetary policy normalization.We believe market participants may be underestimating the market impact of the Fed’s efforts to reduce the balance sheet coupled with increased Treasury issuance to fund the deficit.These factors combined may cause financial conditions to tighten in the coming months,which may prompt the Fed to slow down the pace of further rate hikes.However,if financial conditions do not tighten over the next few months, we believe the Fed is likely to proceed with additional rate hikes. The Treasury yield curve shifted upward in July.At month-end,the 2-year Treasury yield was up fourteen basis points to 2.67%,while the 10-year Treasury yield was up ten basis points to 2.96%.The spread between 2-and 10-year Treasury yields remained quite narrow at just 29 basis points at month-end.Over the past 20 years,the average spread between 2-and 10-year Treasuries has been about 140 basis points.We believe ongoing normalization of the Fed’s balance sheet,along with increased issuance by the Treasury to fund the growing fiscal deficit,will help promote a steeper yield curve in the coming months. 3 5.2.a Packet Pg. 185 Attachment: Chandler - Presentation - 08-21-18 for PE 07-31-18 (Investment Portfolio U.S. payrolls rose by 157,000 in July, below the consensus forecast of 193,000. May and June payrolls were revised up by a net total of 59,000.On a trailing 3-month and 6-month basis payrolls increased by an average of 224,000 and 221,000 per month, respectively, more than enough to absorb new entrants into the labor market. The unemployment rate dipped back to 3.9%in July from 4.0%in June. The labor participation rate was unchanged at 62.9%. A broader measure of unemployment called the U-6, which includes those who are marginally attached to the labor force and employed part time for economic reasons, declined to 7.5%in July from 7.8%in June. Wages rose 0.3%in July on a month-over-month basis,in line with expectations. Wages were up 2.7%on a year-over-year basis in July, unchanged from June. The average workweek declined slightly to 34.5 hours from 34.6 hours. Overall, the July employment report was solid even though payrolls were less robust than expected. Employment Source: US Department of Labor Source: US Department of Labor 0 50 100 150 200 250 300 350 MOM Change In (000's)Nonfarm Payroll (000's) 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 10.0% 11.0% 12.0% Unemployment Rate Underemployment Rate (U6) Unemployment Rate (U3)Rate (%)4 5.2.a Packet Pg. 186 Attachment: Chandler - Presentation - 08-21-18 for PE 07-31-18 (Investment Portfolio The Consumer Price Index (CPI) was up 2.9% year-over-year in June,up from 2.8%in May. Core CPI(CPIless food and energy) was up 2.3% year-over-year in June,up from 2.2%in May. The Personal Consumption Expenditures (PCE) index was up 2.2% year-over-year in June, unchanged from May. Core PCE (excluding food and energy) was up 1.9%on a year-over-year basis in June, also unchanged from May. Notably, both headline and core inflation in May were revised down slightly.As such, core PCE inflation has yet to reach the Fed's 2.0% target. Inflation Source: US Department of Labor Source: US Department of Labor 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% Consumer Price Index (CPI) CPI YOY % Change Core CPI YOY % ChangeYOY( %) Change0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% Personal Consumption Expenditures (PCE) PCE Price Deflator YOY % Change PCE Core Deflator YOY % ChangeYOY( %) Change5 5.2.a Packet Pg. 187 Attachment: Chandler - Presentation - 08-21-18 for PE 07-31-18 (Investment Portfolio On a year-over-year basis, retail sales were up 6.6%in June, versus up 6.5% year-over-year in May.On a month-over-month basis, retail sales increased 0.5%in June,in line with the consensus forecast, following an upwardly revised increase of 1.3%in May. The Consumer Confidence Index remains strong at 127.4 in July,up slightly from 127.1 in June. Ongoing strength in the labor market continues to support consumer confidence and spending trends. Consumer Source: US Department of Commerce Source: The Conference Board 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% Retail Sales YOY % Change YOY (%) Change85 90 95 100 105 110 115 120 125 130 135 Index LevelConsumer Confidence 6 5.2.a Packet Pg. 188 Attachment: Chandler - Presentation - 08-21-18 for PE 07-31-18 (Investment Portfolio The Index of Leading Economic Indicators (LEI) rose 0.5%in June, following no change in May. According to the Conference Board, the index points to solid US economic growth. All components of the index, except building permits, were positive in June. The Conference Board does not expect a slowdown in economic growth over the near-term. The Chicago Fed National Activity Index (CFNAI) increased to +0.43 in June from -0.45 in May.On a 3-month moving average basis, the index increased to 0.16 in June from 0.10 in May. The CFNAI suggests that the economy picked up in June, and points to ongoing growth. Economic Activity -0.2% 0.0% 0.2% 0.4% 0.6% 0.8% 1.0% 1.2% 1.4% Leading Economic Indicators (LEI)MOM ( %) Change-0.60 -0.40 -0.20 0.00 0.20 0.40 0.60 Chicago Fed National Activity Index (CFNAI)3 Month AverageSource: The Conference Board Source: Federal Reserve Bank of Chicago 7 5.2.a Packet Pg. 189 Attachment: Chandler - Presentation - 08-21-18 for PE 07-31-18 (Investment Portfolio Total housing starts dropped 12.3%in June. Single-family starts fell 9.1% while multi-family starts fell 19.8%. Permits also fell 2.2%in the month. According to the Case-Shiller 20-City home price index, home prices were up 6.5% year-over-year in May, versus 6.7%in April. Home price appreciation has recently softened. Housing Source: US Census Bureau Source: S&P 0 200 400 600 800 1000 1200 1400 1600 1800 MOM Change (In Thousands of Units)Housing Starts Multi Family Housing Starts Single Family Housing Starts 4.5% 5.0% 5.5% 6.0% 6.5% 7.0% 7.5% S&P/CaseShiller 20 City Composite Home Price Index YOY( %) Change8 5.2.a Packet Pg. 190 Attachment: Chandler - Presentation - 08-21-18 for PE 07-31-18 (Investment Portfolio The Institute for Supply Management (ISM) manufacturing index eased to 58.1 in July from 60.2 in June. A reading above 50.0 suggests the manufacturing sector is expanding. The Industrial Production index was up 3.8% year-over-year in June versus up 3.2%in May.On a month-over-month basis, the index increased 0.6%in June,in line with expectations, following a downwardly revised decline of -0.5%in May. A rebound in manufacturing, most notably motor vehicle production, drove the increase in June. Capacity Utilization was 78.0%in June, up slightly from 77.7% in May, indicating there is still excess capacity for growth. Manufacturing Source: Institute for Supply Management Source: Federal Reserve 46 48 50 52 54 56 58 60 62 Institute of Supply Management Purchasing Manager Index Expanding Contracting -3.0% -2.0% -1.0% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% Industrial Production YOY( %) Change9 5.2.a Packet Pg. 191 Attachment: Chandler - Presentation - 08-21-18 for PE 07-31-18 (Investment Portfolio Second quarter GDP grew at an annualized pace of 4.1%, just slightly below the consensus estimate of 4.2%, according to the advance estimate. First quarter GDP growth was also revised up to 2.2% from 2.0%. Consumer spending was particularly strong in the second quarter,up 4.0%. Business investment and net exports were also favorable. Inventories pulled GDP growth down in the second quarter, which should bode well for third quarter GDP growth. However, second quarter GDP growth also benefited from a large surge in soybean exports which will likely reverse in the current quarter. Overall, second quarter GDP growth was solid. Nevertheless, GDP growth is expected to ease back toward the 2.5%-3.0% range for the second half of the year. Gross Domestic Product (GDP) Source: US Department of Commerce Source: US Department of Commerce 9/17 12/17 3/18 6/18 1.5% 2.6% 0.4% 2.7% 1.5% 0.1% 1.6% -0.1% 0.0% -0.9% 0.0% 1.1% -0.1% 0.3% 0.2% 0.2% -0.1% 0.2% 0.1% 0.2% 2.8% 2.3% 2.2% 4.1% Net Exports and Imports Personal Consumption Expenditures Gross Private Domestic Investment Federal Government Expenditures State and Local (Consumption and Gross Investment) Components of GDP Total -2.0% -1.0% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% Gross Domestic Product (GDP) GDP QOQ % Change GDP YOY % Change 10 5.2.a Packet Pg. 192 Attachment: Chandler - Presentation - 08-21-18 for PE 07-31-18 (Investment Portfolio Source: Bloomberg On a year-over-year basis, the Treasury yield curve has flattened. The spread between 2-Year and 10-year Treasury yields has narrowed from 95 basis points to 29 basis points, year-over-year. Rate hikes by the Federal Reserve have put upward pressure on shorter-term rates, while supply and demand imbalances, technical factors,and subdued inflation expectations have kept longer rates relatively contained. Bond Yields Source: Bloomberg 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% US Treasury Note Yields 2-Year 5-Year 10-YearYield (%)0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% US Treasury Yield Curve Jul-18 Apr-18 Jul-17Yield (%)11 5.2.a Packet Pg. 193 Attachment: Chandler - Presentation - 08-21-18 for PE 07-31-18 (Investment Portfolio SECTION 2 Account Profile 12 5.2.a Packet Pg. 194 Attachment: Chandler - Presentation - 08-21-18 for PE 07-31-18 (Investment Portfolio Objectives Chandler Asset Management Performance Objective The performance objective for the portfolio is to earn a total rate of return through a market cycle that is equal to or above the benchmark index. Investment Objectives The investment objectives of the City of San Jacinto are first,to provide for the preservation of capital; second,to provide sufficient liquidity to meet all anticipated operating requirements and third,to earn a market rate of return that is commensurate with the first two objectives. Strategy In order to achieve this objective,the portfolio invests in high-quality fixed income securities consistent with the investment policy and California Government Code. 13 5.2.a Packet Pg. 195 Attachment: Chandler - Presentation - 08-21-18 for PE 07-31-18 (Investment Portfolio Compliance Category Standard Comment Local Agency Bonds BBB rated equivalent by a NRSRO; 5% max issuer Complies Treasury Issues No Limitation Complies Agency Issues No Limitation Complies Banker’s Acceptances 40% maximum; <180 days maturity; A-1 rated equivalent by at least two NRSROs; "A" rated or better by two NRSROs on long-term debt Complies Commercial Paper 25% maximum; <270 days maturity; A-1 rated equivalent by at least two NRSROs; "A" rated or better by two NRSROs on long-term debt Complies Negotiable Certificates of Deposit 30% maximum; A rated equivalent by at least two NRSROs; A-1, or equivalent short term rating by two NRSROs Complies Federally Insured Certificates of Deposit (CDs)/ Time Deposit (TDs) 20% maximum (combined FDIC insured and collateralized TD/ CD)Complies Collateralized Certificates of Deposit (CDs)/Time Deposit (TDs)/ 20% maximum (combined FDIC and collateralized TD/ CD); A-1, or equivalent by 2 NRSROs; "A" rated or better by two NRSROs, if long-term debt Complies Medium Term Notes 30% maximum; "A" rated or better by at least two NRSROs Complies Money Market Mutual Funds 20% maximum; AAA rated by at least two NRSROs Complies Mortgage Pass-throughs, Asset Backed Securities 20% maximum; AA-rated issue; A-rated issuer Complies Local Agency Investment Fund - LAIF Currently not used by investment adviser Complies Prohibited Securities Inverse floaters; Ranges notes, Interest-only strips from mortgaged backed securities; Zero interest accrual securities; Reverse repurchase agreements Complies Issuer Maximum 5% per issuer for all non-government issuers Complies Maximum maturity 5 years Complies City of San Jacinto July 31, 2018 COMPLIANCE WITH INVESTMENT POLICY Assets managed by Chandler Asset Management are in full compliance with state law and with the City's investment policy. 14 5.2.a Packet Pg. 196 Attachment: Chandler - Presentation - 08-21-18 for PE 07-31-18 (Investment Portfolio Portfolio Characteristics City of San Jacinto 7/31/2018 4/30/2018 Benchmark*Portfolio Portfolio Average Maturity (yrs)1.85 1.83 1.90 Modified Duration 1.78 1.68 1.74 Average Purchase Yield n/a 1.77%1.64% Average Market Yield 2.64%2.65%2.50% Average Quality**AAA AA+/Aa1 AA+/Aa1 Total Market Value 10,381,201 10,335,983 *ICE BAML 1-3 Yr US Treasury Index **Benchmark is a blended rating of S&P, Moody’s, and Fitch. Portfolio is S&P and Moody’s respectively. 15 5.2.a Packet Pg. 197 Attachment: Chandler - Presentation - 08-21-18 for PE 07-31-18 (Investment Portfolio ABS 6.0% Agency 44.3% Money Market Fund FI 1.0% US Corporate 23.9% US Treasury 23.8% Commercial Paper 1.0% Sector Distribution City of San Jacinto July 31, 2018 April 30, 2018 ABS 5.9% Agency 48.4% Money Market Fund FI 0.1% US Corporate 20.6% US Treasury 25.0% 16 5.2.a Packet Pg. 198 Attachment: Chandler - Presentation - 08-21-18 for PE 07-31-18 (Investment Portfolio Issuers City of San Jacinto –Account #10167 As of 7/31/2018 Issue Name Investment Type % Portfolio Government of United States US Treasury 23.84% Federal Home Loan Mortgage Corp Agency 14.45% Federal Home Loan Bank Agency 14.44% Federal National Mortgage Association Agency 10.56% Federal Farm Credit Bank Agency 4.88% Toyota ABS ABS 2.40% John Deere ABS ABS 2.06% Wal-Mart Stores US Corporate 1.94% Berkshire Hathaway US Corporate 1.94% Apple Inc US Corporate 1.88% Oracle Corp US Corporate 1.87% Microsoft US Corporate 1.83% Exxon Mobil Corp US Corporate 1.69% Charles Schwab Corp/The US Corporate 1.46% Bank of New York US Corporate 1.45% Honda Motor Corporation US Corporate 1.44% Cisco Systems US Corporate 1.43% ChevronTexaco Corp US Corporate 1.25% State Street Bank US Corporate 1.21% General Dynamics Corp US Corporate 1.21% JP Morgan Chase & Co US Corporate 1.19% US Bancorp US Corporate 1.18% First American Govt Oblig Fund Money Market Fund FI 0.97% MUFG Bank Ltd/NY Commercial Paper 0.96% General Electric Co US Corporate 0.95% Honda ABS ABS 0.76% Nissan ABS ABS 0.76% Total 100.00% 17 5.2.a Packet Pg. 199 Attachment: Chandler - Presentation - 08-21-18 for PE 07-31-18 (Investment Portfolio AAA AA A <A NR 07/31/18 5.6%81.1%10.1%0.0%3.2% 04/30/18 4.9%83.5%8.7%0.0%3.0% Source: S&P Ratings Quality Distribution July 31, 2018 vs. April 30, 2018 City of San Jacinto 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% 80.00% 90.00% AAA AA A <A NR 7/31/2018 4/30/2018 18 5.2.a Packet Pg. 200 Attachment: Chandler - Presentation - 08-21-18 for PE 07-31-18 (Investment Portfolio 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ City of San Jacinto ICE BAML 1-3 Yr US Treasury Index Duration Distribution City of San Jacinto Portfolio Compared to the Benchmark as of July 31, 2018 0 -0.25 0.25 -0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ Portfolio 4.2% 9.4% 18.4% 28.9% 29.2% 9.9% 0.0% 0.0% Benchmark*0.0% 0.0% 5.6% 55.4% 39.0% 0.0% 0.0% 0.0% *ICE BAML 1-3 Yr US Treasury Index 19 5.2.a Packet Pg. 201 Attachment: Chandler - Presentation - 08-21-18 for PE 07-31-18 (Investment Portfolio Investment Performance -0.20% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 12 months 2 years 3 years 5 years 10 years Since Inception City of San Jacinto ICE BAML 1-3 Yr US Treasury Index City of San Jacinto Period Ending July 31, 2018 Total Rate of Return Annualized Since Inception June 30, 2012 Annualized 3 months 12 months 2 years 3 years 5 years 10 years Since Inception City of San Jacinto 0.47%0.21%0.34%0.73%0.78%N/A 0.73% ICE BAML 1-3 Yr US Treasury Index 0.37%-0.14%0.01%0.41%0.55%N/A 0.53% Total rate of return: A measure of a portfolio’s performance over time.It is the internal rate of return, which equates the beginning value of the portfolio with the ending value;it includes interest earnings, realized and unrealized gains and losses in the portfolio. 20 5.2.a Packet Pg. 202 Attachment: Chandler - Presentation - 08-21-18 for PE 07-31-18 (Investment Portfolio SECTION 3 Portfolio Holdings 21 5.2.a Packet Pg. 203 Attachment: Chandler - Presentation - 08-21-18 for PE 07-31-18 (Investment Portfolio Holdings Report For the Month Ending 7/31/2018 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 43814PAB6 Honda Auto Receivables Owner T 17-3 A2 1.570% Due 01/21/2020 41,362.95 09/25/2017 1.58% 41,359.28 41,360.61 99.63 2.61% 41,211.15 23.45 0.40% (149.46) NR / AAA AAA 1.48 0.35 43814QAC2 Honda Auto Receivables 2016-2 A3 1.390% Due 04/15/2020 37,995.56 04/26/2017 1.72% 37,813.00 37,890.25 99.54 2.60% 37,820.17 23.47 0.36% (70.08) Aaa / NR AAA 1.71 0.38 47788MAC4 John Deere Owner Trust 2016-A A3 1.360% Due 04/15/2020 116,102.31 Various 1.56% 115,886.71 115,962.44 99.59 2.59% 115,630.82 70.18 1.11% (331.62) Aaa / NR AAA 1.71 0.33 89238BAB8 Toyota Auto Receivables Owner 2018-A A2A 2.100% Due 10/15/2020 250,000.00 01/23/2018 2.12% 249,974.45 249,979.16 99.64 2.63% 249,108.08 233.33 2.40% (871.08) Aaa / AAA NR 2.21 0.68 65478VAD9 NAROT 2016-B A3 1.320% Due 01/15/2021 79,651.06 02/12/2018 1.87% 79,013.22 79,113.74 99.10 2.76% 78,936.80 11.68 0.76% (176.94) Aaa / NR AAA 2.46 0.62 47788BAD6 John Deere Owner Trust 2017-B A3 1.820% Due 10/15/2021 100,000.00 07/26/2018 3.16% 98,511.72 98,514.26 98.50 2.97% 98,496.80 80.89 0.95% (17.46) Aaa / NR AAA 3.21 1.31 Total ABS 625,111.88 2.09% 622,558.38 622,820.46 2.69% 621,203.82 443.00 5.99% (1,616.64) Aaa / AAA Aaa 2.23 0.67 Agency 3135G0E58 FNMA Note 1.125% Due 10/19/2018 135,000.00 08/27/2015 1.18% 134,781.30 134,984.90 99.79 2.11% 134,711.51 430.31 1.30% (273.39) Aaa / AA+ AAA 0.22 0.22 3133EFSJ7 FFCB Note 1.300% Due 12/14/2018 260,000.00 12/15/2015 1.38% 259,368.20 259,922.04 99.68 2.16% 259,178.14 441.28 2.50% (743.90) Aaa / AA+ AAA 0.37 0.37 3135G0H63 FNMA Note 1.375% Due 01/28/2019 215,000.00 08/30/2016 0.94% 217,236.00 215,457.36 99.56 2.29% 214,044.54 24.64 2.06% (1,412.82) Aaa / AA+ AAA 0.50 0.49 3137EADZ9 FHLMC Note 1.125% Due 04/15/2019 235,000.00 07/18/2016 0.92% 236,311.30 235,337.00 99.14 2.36% 232,979.94 778.44 2.25% (2,357.06) Aaa / AA+ AAA 0.71 0.69 313379EE5 FHLB Note 1.625% Due 06/14/2019 150,000.00 09/24/2015 1.27% 151,932.00 150,450.99 99.31 2.43% 148,968.00 318.23 1.44% (1,482.99) Aaa / AA+ AAA 0.87 0.86 3133EFW52 FFCB Note 1.150% Due 07/01/2019 250,000.00 04/08/2016 1.00% 251,222.50 250,347.21 98.84 2.44% 247,099.25 239.58 2.38% (3,247.96) Aaa / AA+ AAA 0.92 0.90 3137EADK2 FHLMC Note 1.250% Due 08/01/2019 170,000.00 08/28/2015 1.41% 168,951.10 169,732.46 98.81 2.46% 167,981.93 1,062.50 1.63% (1,750.53) Aaa / AA+ AAA 1.00 0.98 313380FB8 FHLB Note 1.375% Due 09/13/2019 190,000.00 10/25/2017 1.63% 189,110.80 189,471.92 98.75 2.52% 187,624.81 1,001.46 1.82% (1,847.11) Aaa / AA+ NR 1.12 1.09 3137EADM8 FHLMC Note 1.250% Due 10/02/2019 155,000.00 09/24/2015 1.34% 154,443.55 154,838.14 98.52 2.54% 152,705.23 640.45 1.48% (2,132.91) Aaa / AA+ AAA 1.17 1.15 3137EAEE5 FHLMC Note 1.500% Due 01/17/2020 260,000.00 03/08/2017 1.72% 258,408.80 259,186.11 98.45 2.58% 255,981.96 151.67 2.47% (3,204.15) Aaa / AA+ AAA 1.47 1.43 3135G0A78 FNMA Note 1.625% Due 01/21/2020 245,000.00 12/10/2015 1.61% 245,149.45 245,053.53 98.56 2.63% 241,469.80 110.59 2.33% (3,583.73) Aaa / AA+ AAA 1.48 1.44 3135G0T29 FNMA Note 1.500% Due 02/28/2020 205,000.00 08/28/2017 1.48% 205,102.50 205,064.67 98.22 2.66% 201,342.19 1,306.88 1.95% (3,722.48) Aaa / AA+ AAA 1.58 1.53 City of San Jacinto -Account #10167 22 5.2.a Packet Pg. 204 Attachment: Chandler - Presentation - 08-21-18 for PE 07-31-18 (Investment Portfolio Holdings Report For the Month Ending 7/31/2018 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 3137EAEF2 FHLMC Note 1.375% Due 04/20/2020 250,000.00 07/27/2017 1.54% 248,900.00 249,307.12 97.82 2.68% 244,539.00 964.41 2.36% (4,768.12) Aaa / AA+ AAA 1.72 1.68 3137EADR7 FHLMC Note 1.375% Due 05/01/2020 225,000.00 08/24/2016 1.05% 227,637.00 226,252.82 97.78 2.68% 220,005.68 773.44 2.13% (6,247.14) Aaa / AA+ AAA 1.75 1.71 313383HU8 FHLB Note 1.750% Due 06/12/2020 130,000.00 10/14/2015 1.38% 132,181.40 130,872.82 98.26 2.71% 127,738.65 309.65 1.23% (3,134.17) Aaa / AA+ NR 1.87 1.81 3130A5Z77 FHLB Note 1.830% Due 07/29/2020 125,000.00 10/27/2015 1.46% 127,132.50 125,894.27 98.22 2.75% 122,780.00 12.71 1.18% (3,114.27) Aaa / AA+ AAA 2.00 1.94 3137EAEK1 FHLMC Note 1.875% Due 11/17/2020 225,000.00 01/18/2018 2.19% 223,042.50 223,410.12 98.05 2.76% 220,606.43 867.19 2.13% (2,803.69) Aaa / AA+ AAA 2.30 2.22 3130A3UQ5 FHLB Note 1.875% Due 12/11/2020 225,000.00 01/28/2016 1.53% 228,642.75 226,768.11 97.88 2.81% 220,234.50 585.94 2.13% (6,533.61) Aaa / AA+ NR 2.37 2.28 3130A7CV5 FHLB Note 1.375% Due 02/18/2021 200,000.00 03/10/2016 1.61% 197,812.00 198,870.24 96.60 2.76% 193,208.20 1,245.14 1.87% (5,662.04) Aaa / AA+ AAA 2.56 2.46 3135G0N82 FNMA Note 1.250% Due 08/17/2021 315,000.00 01/26/2017 2.02% 304,579.80 308,015.51 95.47 2.81% 300,735.23 1,793.75 2.91% (7,280.28) Aaa / AA+ AAA 3.05 2.94 313378WG2 FHLB Note 2.500% Due 03/11/2022 300,000.00 03/13/2018 2.65% 298,323.00 298,484.03 98.82 2.85% 296,448.30 2,916.67 2.88% (2,035.73) Aaa / AA+ NR 3.61 3.39 313379Q69 FHLB Note 2.125% Due 06/10/2022 200,000.00 06/20/2017 1.87% 202,370.00 201,839.85 97.37 2.85% 194,734.20 602.08 1.88% (7,105.65) Aaa / AA+ AAA 3.86 3.66 Total Agency 4,665,000.00 1.55% 4,662,638.45 4,659,561.22 2.59% 4,585,117.49 16,577.01 44.33% (74,443.73) Aaa / AA+ Aaa 1.73 1.67 Commercial Paper 62479MKF9 MUFG Bank Ltd/NY Discount CP 2.340% Due 10/15/2018 100,000.00 06/14/2018 2.39% 99,207.00 99,512.50 99.51 2.39% 99,512.50 0.00 0.96% 0.00 P-1 / A-1 NR 0.21 0.21 Total Commercial Paper 100,000.00 2.39% 99,207.00 99,512.50 2.39% 99,512.50 0.00 0.96% 0.00 P-1 / A-1 NR 0.21 0.21 Money Market Fund FI 31846V203 First American Govt Obligation Fund 100,864.48 Various 1.50% 100,864.48 100,864.48 1.00 1.50% 100,864.48 0.00 0.97% 0.00 Aaa / AAA AAA 0.00 0.00 Total Money Market Fund FI 100,864.48 1.50% 100,864.48 100,864.48 1.50% 100,864.48 0.00 0.97% 0.00 Aaa / AAA Aaa 0.00 0.00 US Corporate 594918BF0 Microsoft Note 1.300% Due 11/03/2018 190,000.00 11/16/2015 1.32% 189,889.80 189,990.41 99.76 2.23% 189,547.61 603.78 1.83% (442.80) Aaa / AAA AA+ 0.26 0.25 30231GAP7 Exxon Mobil Corp Note 1.708% Due 03/01/2019 175,000.00 05/19/2016 1.44% 176,281.00 175,268.62 99.61 2.38% 174,318.55 1,245.42 1.69% (950.07) Aaa / AA+ NR 0.58 0.57 037833AQ3 Apple Inc Note 2.100% Due 05/06/2019 195,000.00 05/04/2016 1.22% 200,003.70 196,273.84 99.78 2.39% 194,571.59 966.88 1.88% (1,702.25) Aa1 / AA+ NR 0.76 0.75 City of San Jacinto -Account #10167 23 5.2.a Packet Pg. 205 Attachment: Chandler - Presentation - 08-21-18 for PE 07-31-18 (Investment Portfolio Holdings Report For the Month Ending 7/31/2018 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 084670BL1 Berkshire Hathaway Note 2.100% Due 08/14/2019 200,000.00 01/26/2017 1.70% 201,976.00 200,807.49 99.47 2.62% 198,946.00 1,948.33 1.94% (1,861.49) Aa2 / AA A+ 1.04 1.01 06406HCW7 Bank of New York Callable Note Cont 8/11/2019 2.300% Due 09/11/2019 150,000.00 10/26/2016 1.55% 153,034.50 151,122.23 99.44 2.82% 149,154.45 1,341.67 1.45% (1,967.78) A1 / A AA- 1.12 1.08 166764AN0 Chevron Corp Callable Note Cont 10/15/2019 2.193% Due 11/15/2019 130,000.00 01/05/2016 2.12% 130,341.90 130,114.45 99.47 2.61% 129,309.83 601.86 1.25% (804.62) Aa2 / AA- NR 1.29 1.26 36962G7M0 General Electric Capital Corp Callable Note 1X 12/9/2019 2.200% Due 01/09/2020 100,000.00 03/26/2018 2.96% 98,682.00 98,936.71 98.91 2.98% 98,913.20 134.44 0.95% (23.51) A2 / A A 1.44 1.40 46625HKA7 JP Morgan Chase Callable Note Cont 12/23/2019 2.250% Due 01/23/2020 125,000.00 08/11/2017 1.91% 125,970.00 125,574.77 98.92 3.00% 123,654.88 62.50 1.19% (1,919.89) A3 / A- AA- 1.48 1.44 857477AS2 State Street Bank Note 2.550% Due 08/18/2020 125,000.00 11/29/2016 2.18% 126,620.00 125,894.29 99.10 3.01% 123,869.75 1,443.23 1.21% (2,024.54) A1 / A AA- 2.05 1.96 02665WAZ4 American Honda Finance Note 2.450% Due 09/24/2020 150,000.00 10/07/2016 1.72% 154,161.00 152,265.18 98.65 3.10% 147,974.25 1,296.46 1.44% (4,290.93) A2 / A+ NR 2.15 2.06 91159HHL7 US Bancorp Callable Note 1X 12/29/2020 2.350% Due 01/29/2021 125,000.00 05/02/2017 2.12% 126,012.50 125,668.68 97.93 3.22% 122,411.50 16.32 1.18% (3,257.18) A1 / A+ AA- 2.50 2.40 17275RBD3 Cisco Systems Note 2.200% Due 02/28/2021 150,000.00 09/20/2017 1.98% 151,108.50 150,832.04 98.10 2.97% 147,143.85 1,402.50 1.43% (3,688.19) A1 / AA- NR 2.58 2.46 369550BE7 General Dynamics Corp Note 3.000% Due 05/11/2021 125,000.00 05/15/2018 3.25% 124,128.75 124,188.75 99.57 3.16% 124,458.75 833.33 1.21% 270.00 A2 / A+ NR 2.78 2.63 808513AW5 Charles Schwab Corp Callable Note Cont 4/21/2021 3.250% Due 05/21/2021 150,000.00 05/30/2018 3.01% 151,011.00 150,952.54 100.15 3.19% 150,231.00 934.38 1.46% (721.54) A2 / A A 2.81 2.57 931142EJ8 Wal-Mart Stores Note 3.125% Due 06/23/2021 200,000.00 Various 2.96% 200,929.00 200,909.08 100.23 3.04% 200,464.40 590.28 1.94% (444.68) Aa2 / AA AA 2.90 2.74 68389XBK0 Oracle Corp Callable Note Cont 8/01/21 1.900% Due 09/15/2021 200,000.00 10/12/2017 2.11% 198,458.00 198,769.63 96.50 3.08% 192,993.60 1,435.56 1.87% (5,776.03) A1 / AA- A+ 3.13 2.98 Total US Corporate 2,490,000.00 2.04% 2,508,607.65 2,497,568.71 2.83% 2,467,963.21 14,856.94 23.92% (29,605.50) A1 / AA- AA- 1.77 1.69 US Treasury 912828RH5 US Treasury Note 1.375% Due 09/30/2018 100,000.00 11/16/2015 1.13% 100,680.02 100,038.93 99.90 1.98% 99,898.00 462.09 0.97% (140.93) Aaa / AA+ AAA 0.17 0.17 912828SD3 US Treasury Note 1.250% Due 01/31/2019 115,000.00 05/28/2015 1.19% 115,247.46 115,033.72 99.52 2.22% 114,447.43 3.91 1.10% (586.29) Aaa / AA+ AAA 0.50 0.49 912828ST8 US Treasury Note 1.250% Due 04/30/2019 150,000.00 03/20/2015 1.27% 149,883.32 149,978.83 99.18 2.36% 148,769.55 473.85 1.44% (1,209.28) Aaa / AA+ AAA 0.75 0.74 912828R85 US Treasury Note 0.875% Due 06/15/2019 270,000.00 02/26/2018 2.11% 265,739.06 267,135.35 98.67 2.42% 266,403.60 303.38 2.57% (731.75) Aaa / AA+ AAA 0.87 0.86 912828UB4 US Treasury Note 1.000% Due 11/30/2019 125,000.00 10/26/2016 1.05% 124,819.76 124,922.14 97.96 2.56% 122,451.13 211.75 1.18% (2,471.01) Aaa / AA+ AAA 1.33 1.31 912828UV0 US Treasury Note 1.125% Due 03/31/2020 195,000.00 11/17/2015 1.61% 191,054.95 193,496.18 97.55 2.64% 190,224.06 737.24 1.84% (3,272.12) Aaa / AA+ AAA 1.67 1.63 City of San Jacinto -Account #10167 24 5.2.a Packet Pg. 206 Attachment: Chandler - Presentation - 08-21-18 for PE 07-31-18 (Investment Portfolio Holdings Report For the Month Ending 7/31/2018 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 912828L32 US Treasury Note 1.375% Due 08/31/2020 200,000.00 11/03/2015 1.56% 198,289.73 199,261.34 97.35 2.69% 194,695.40 1,150.82 1.89% (4,565.94) Aaa / AA+ AAA 2.09 2.02 912828M98 US Treasury Note 1.625% Due 11/30/2020 205,000.00 Various 1.71% 204,350.30 204,614.16 97.52 2.73% 199,922.97 564.31 1.93% (4,691.19) Aaa / AA+ AAA 2.34 2.26 912828N89 US Treasury Note 1.375% Due 01/31/2021 160,000.00 04/04/2018 2.41% 155,500.00 156,014.53 96.72 2.74% 154,756.32 5.98 1.49% (1,258.21) Aaa / AA+ AAA 2.51 2.43 912828Q78 US Treasury Note 1.375% Due 04/30/2021 210,000.00 05/25/2017 1.66% 207,753.05 208,423.99 96.37 2.76% 202,371.12 733.71 1.96% (6,052.87) Aaa / AA+ AAA 2.75 2.66 912828S76 US Treasury Note 1.125% Due 07/31/2021 260,000.00 11/29/2017 1.98% 252,169.53 253,596.44 95.28 2.78% 247,720.98 7.95 2.39% (5,875.46) Aaa / AA+ AAA 3.00 2.92 912828T34 US Treasury Note 1.125% Due 09/30/2021 125,000.00 05/30/2018 2.59% 119,194.34 119,489.87 95.01 2.78% 118,759.75 472.59 1.15% (730.12) Aaa / AA+ AAA 3.17 3.06 912828G53 US Treasury Note 1.875% Due 11/30/2021 220,000.00 04/26/2017 1.81% 220,653.86 220,474.22 97.11 2.79% 213,632.10 698.77 2.06% (6,842.12) Aaa / AA+ AAA 3.34 3.19 912828W89 US Treasury Note 1.875% Due 03/31/2022 200,000.00 04/26/2018 2.75% 193,531.25 193,964.30 96.76 2.81% 193,523.40 1,260.25 1.88% (440.90) Aaa / AA+ AAA 3.67 3.49 Total US Treasury 2,535,000.00 1.83% 2,498,866.63 2,506,444.00 2.62% 2,467,575.81 7,086.60 23.84% (38,868.19) Aaa / AA+ Aaa 2.13 2.06 TOTAL PORTFOLIO 10,515,976.36 1.77% 10,492,742.59 10,486,771.37 2.65% 10,342,237.31 38,963.55 100.00% (144,534.06) Aa1 / AA+ Aaa 1.83 1.68 TOTAL MARKET VALUE PLUS ACCRUALS 10,381,200.86 City of San Jacinto -Account #10167 25 5.2.a Packet Pg. 207 Attachment: Chandler - Presentation - 08-21-18 for PE 07-31-18 (Investment Portfolio SECTION 4 Transactions 26 5.2.a Packet Pg. 208 Attachment: Chandler - Presentation - 08-21-18 for PE 07-31-18 (Investment Portfolio Transaction Ledger 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 05/18/2018 369550BE7 125,000.00 General Dynamics Corp Note 3% Due: 05/11/2021 99.303 3.25%124,128.75 72.92 124,201.67 0.00 Purchase 05/31/2018 912828T34 125,000.00 US Treasury Note 1.125% Due: 09/30/2021 95.355 2.59%119,194.34 234.38 119,428.72 0.00 Purchase 06/01/2018 808513AW5 150,000.00 Charles Schwab Corp Callable Note Cont 4/21/2021 3.25% Due: 05/21/2021 100.674 3.01%151,011.00 121.88 151,132.88 0.00 Purchase 06/15/2018 62479MKF9 100,000.00 MUFG Bank Ltd/NY Discount CP 2.34% Due: 10/15/2018 99.207 2.39%99,207.00 0.00 99,207.00 0.00 Purchase 07/05/2018 931142EJ8 150,000.00 Wal-Mart Stores Note 3.125% Due: 06/23/2021 100.513 2.94%150,769.50 104.17 150,873.67 0.00 Purchase 07/27/2018 931142EJ8 50,000.00 Wal-Mart Stores Note 3.125% Due: 06/23/2021 100.319 3.01%50,159.50 130.21 50,289.71 0.00 Purchase 07/30/2018 47788BAD6 100,000.00 John Deere Owner Trust 2017-B A3 1.82% Due: 10/15/2021 98.512 3.16%98,511.72 75.83 98,587.55 0.00 Subtotal 800,000.00 792,981.81 739.39 793,721.20 0.00 TOTAL ACQUISITIONS 800,000.00 792,981.81 739.39 793,721.20 0.00 DISPOSITIONS Maturity 05/18/2018 747525AG8 125,000.00 Qualcomm Inc Note 1.4% Due: 05/18/2018 100.000 125,000.00 0.00 125,000.00 0.00 Maturity 05/31/2018 912828VE7 230,000.00 US Treasury Note 1% Due: 05/31/2018 100.000 230,000.00 0.00 230,000.00 0.00 Maturity 06/13/2018 3133EGEQ4 200,000.00 FFCB Note 0.875% Due: 06/13/2018 100.000 200,000.00 0.00 200,000.00 0.00 Maturity 07/20/2018 3135G0E33 200,000.00 FNMA Note 1.125% Due: 07/20/2018 100.000 200,000.00 0.00 200,000.00 0.00 Subtotal 755,000.00 755,000.00 0.00 755,000.00 0.00 TOTAL DISPOSITIONS 846,031.32 846,031.32 2,467.56 848,498.88 0.00 April 30, 2018 through July 31, 2018 27 5.2.a Packet Pg. 209 Attachment: Chandler - Presentation - 08-21-18 for PE 07-31-18 (Investment Portfolio Disclosure 2018 Chandler Asset Management, Inc,An Independent Registered Investment Adviser. Information contained herein is confidential.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 results are presented gross-of-fees and represent the client’s Total Return.These results include the reinvestment of dividends and other earnings.Past performance may not be indicative of future results.Therefore,no current or prospective client should assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels.All investment strategies have the potential for profit or loss.Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio. Index returns assume reinvestment of all distributions.Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results.It is not possible to invest directly in an index. Source ice Data Indices,LLC ("ICE"),used with permission.ICE PERMITS USE OF THE ICE INDICES AND RELATED DATA ON AN "AS IS" BASIS;ICE,ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED,INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE,INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN,RELATED TO,OR DERIVED THEREFROM.NEITHER ICE DATA,ITS AFFILIATES OR THEIR RESPECTIVE THIRD PARTY PROVIDERS GUARANTEE THE QUALITY, ADEQUACY,ACCURACY,TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN "AS IS" BASIS AND LICENSEE'S USE IS AT LICENSEE'S OWN RISK.ICE DATA,ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE,OR RECOMMEND CHANDLER ASSET MANAGEMENT,OR ANY OF ITS PRODUCTS OR SERVICES. This report is provided for informational purposes only and should not be construed as a specific investment or legal advice.The information contained herein was obtained from sources believed to be reliable as of the date of publication, but may become outdated or superseded at any time without notice.Any opinions or views expressed are based on current market conditions and are subject to change.This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied upon as indicator of future results.Past performance is not indicative of future results.This report is not intended to constitute an offer,solicitation,recommendation or advice regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment. Fixed income investments are subject to interest,credit and market risk.Interest rate risk:the value of fixed income investments will decline as interest rates rise.Credit risk:the possibility that the borrower may not be able to repay interest and principal.Low rated bonds generally have to pay higher interest rates to attract investors willing to take on greater risk.Market risk:the bond market in general could decline due to economic conditions, especially during periods of rising interest rates. 28 5.2.a Packet Pg. 210 Attachment: Chandler - Presentation - 08-21-18 for PE 07-31-18 (Investment Portfolio Presented By: Mark Creger, Director, Senior Portfolio Manager City of San Jacinto Annual Portfolio Review For the Period Ended July 31, 2018 5.2.b Packet Pg. 211 Attachment: PTA - Annual Portfolio Review_2018 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2018 ©2 Table of Contents Section Page # Economic Update 3 Portfolio Details 10 Portfolio Performance 13 Portfolio Compliance 14 Portfolio Strategy Review and Outlook 15 5.2.b Packet Pg. 212 Attachment: PTA - Annual Portfolio Review_2018 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2018 ©3 Economic Update: U.S. Growth Source: Bloomberg Real Gross Domestic Product (“GDP”)rose at an annualized rate of 4.1%in the advance estimate for 2Q18,marking the strongest quarter since September 2014.Growth was propelled by gains in consumer and business demand as well as trade.Looking ahead,the pace of growth is expected to moderate over the remainder of the year.On a trend basis, growth in the current cycle continues to lag,averaging just 2.3%compared to an average of 4.3%during the previous 9 expansionary periods dating back to 1954. At 110 months,the current expansion is the 2nd longest in U.S.history dating back to 1854 according to NBER data. Growth appears poised to continue with the ISM manufacturing and non-manufacturing Indices remaining expansionary and measures of consumer sentiment at their highest levels in over a decade.Recent softening in the ISM indices will bear monitoring,however,to determine if trade- related concerns are beginning to impact activity. 30 35 40 45 50 55 60 65 30 35 40 45 50 55 60 65 Aug-05Feb-06Aug-06Feb-07Aug-07Feb-08Aug-08Feb-09Aug-09Feb-10Aug-10Feb-11Aug-11Feb-12Aug-12Feb-13Aug-13Feb-14Aug-14Feb-15Aug-15Feb-16Aug-16Feb-17Aug-17Feb-18Aug-18ISM Manufacturing and Non-Manufacturing Indices ISM Manufacturing PMI SA ISM Non-Manufacturing NMI 97.9 127.4 20 30 40 50 60 70 80 90 100 110 120 130 20 30 40 50 60 70 80 90 100 110 120 130 12/1/20056/1/200612/1/20066/1/200712/1/20076/1/200812/1/20086/1/200912/1/20096/1/201012/1/20106/1/201112/1/20116/1/201212/1/20126/1/201312/1/20136/1/201412/1/20146/1/201512/1/20156/1/201612/1/20166/1/201712/1/20176/1/2018Measures of Consumer Confidence University of Michigan Consumer Sentiment Index Conference Board Consumer Confidence SA 1985=100 1.9%1.8%1.8% 3.0%2.8% 2.3%2.2% 4.1%4.4% -2.0% -1.0% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 2016 Q3 2016 Q4 2017 Q1 2017 Q2 2017 Q3 2017 Q4 2018 Q1 2018 Q2 2018 Q3 Contribution to Percent Change in Real GDP Personal Consumption Expenditures Gross Private Domestic Investment Net Exports of Goods and Services Government Consumption Expenditures and Gross Investment Gross Domestic Product Atlanta Fed GDPNow GDP Forecast 5.2.b Packet Pg. 213 Attachment: PTA - Annual Portfolio Review_2018 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2018 ©4 Economic Update: U.S. Labor Markets Source: Bloomberg The U.S. economy added a less-than-expected 157K jobs in July following an upwardly revised 248K gain in June. Monthly payroll gains have averaged 210K per month through July compared to 184K through the same period last year. The manufacturing sector added a larger-than-expected 37k jobs and surpassed expectations of a 25K gain suggesting that trade concerns have yet to impact hard data. The unemployment rate fell back to 3.9% in July, nearing its lowest levels since 1969 while the U-6 unemployment rate fell to 7.5%, its lowest level since 2001. Initial jobless claims continue to trend lower and remain near their lowest levels since the 1960’s, supporting expectations of continued growth. Labor force participation has stabilized and trended modestly higher reflecting increased confidence in labor markets. Wage growth has trended higher but remains disappointing relative to pre-financial crisis levels and has lagged recent increases in inflation resulting in diminished purchasing power. 3.9% 7.5% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% -1,000 -800 -600 -400 -200 0 200 400 600 Jan-97Jul-97Jan-98Jul-98Jan-99Jul-99Jan-00Jul-00Jan-01Jul-01Jan-02Jul-02Jan-03Jul-03Jan-04Jul-04Jan-05Jul-05Jan-06Jul-06Jan-07Jul-07Jan-08Jul-08Jan-09Jul-09Jan-10Jul-10Jan-11Jul-11Jan-12Jul-12Jan-13Jul-13Jan-14Jul-14Jan-15Jul-15Jan-16Jul-16Jan-17Jul-17Jan-18Jul-18Unemployment & Nonfarm Payrolls US Employees on Nonfarm Payrolls Total MoM Net Change SA (Left Axis) U-3 US Unemployment Rate Total in Labor Force Seasonally Adjusted (Right Axis) US U-6 Unemployed & Part Time & Margin % Labor Force & Margin SA (Right Axis) 232 62.9 59 60 61 62 63 64 65 66 67 68 0 100 200 300 400 500 600 700 Weekly Initial Jobless Claims and Labor Force Participation Weekly Initial Jobless Claims (Left Axis)US Labor Force Participation Rate SA (Right Axis) 2.7% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% Average Hourly Earnings 5.2.b Packet Pg. 214 Attachment: PTA - Annual Portfolio Review_2018 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2018 ©5 Economic Update: U.S. Inflation Source: Bloomberg Measures of inflation and inflation expectations have trended higher over the past year and have reached or neared the Fed’s 2%target.The core Consumer Price Index (“CPI”), which excludes food and energy,has risen to 2.3%from 1.7% over the past year and is now within earshot of its highest level in nearly a decade (2.5%Sep-08).The Fed’s preferred inflation gauge,the core Personal Consumption Expenditures Index (“PCE”)has risen to 1.9%through June from 1.6%last year.Against the backdrop of increasing trade tensions, inflation appears poised to accelerate further over the near term. Reflecting the risk that worsening trade tensions between the U.S.and its major trading partners has the potential to undermine confidence and slow global growth,commodity prices have declined on concerns that a full blown trade war could bring a risk of “demand destruction”to commodity markets. 2.3% 1.9% 3.1% 2.8% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% Measures of Inflation US CPI Urban Consumers Less Food & Energy YoY NSA US Personal Consumption Expenditure Core Price Index YoY SA US CPI Urban Consumers Services Less Energy Services YoY NSA Federal Reserve Bank of Cleveland Median CPI YoY NSA 1.6% 2.0% 1.8%2.1% -1.5% -1.0% -0.5% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% U.S. TIPS 5 & 10 Year Inflation Breakevens US Breakeven 5 Year US Breakeven 10 Year $82 $83 $84 $85 $86 $87 $88 $89 $90 $91 $92 4/2/2018 4/17/2018 5/2/2018 5/17/2018 6/1/2018 6/16/2018 7/1/2018 7/16/2018 7/31/2018 Bloomberg Commodity Index 5.2.b Packet Pg. 215 Attachment: PTA - Annual Portfolio Review_2018 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2018 ©6 Economic Update: The Federal Reserve Source: Bloomberg Rising inflation and durable economic fundamentals have allowed the Fed to continue on its gradual path of interest rate policy normalization.Over the past year,the Fed has raised the Federal Funds rate three times by 25 bps (0.25%)to a range of between 1.75%and 2.0%.Fed funds futures contracts imply a 92%and 65%probability of an additional rate hike at the September and December FOMC meetings. Pricing in the fed funds futures market suggests many market participants believe the Fed will be unable to raise rates as aggressively as implied by the median of their so-called “Dot Plot”.The Fed’s median dots imply a terminal fed funds rate of 3.25%to 3.50%in 2020 whereas fed funds futures imply a much lower 2.50%to 2.75%. Beginning in October 2017,the Fed began the gradual process of shrinking its balance sheet by reinvesting only maturing amounts that exceed certain monthly caps.Principal proceeds below the cap will be allowed to run off the balance sheet. 1.25% 2.00% 0% 1% 2% 3% 4% 5% 6% 7% 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 $ TrillikonsFederal Reserve: Federal Funds Rate & Balance Sheet US Condition of All Federal Reserve Banks Total Assets (Left Axis)Federal Funds Target Rate - Upper Bound (Right Axis) 91.5% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0% 100.0% Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Implied Probability of September 2018 Fed Rate Increase -Futures Model 5.2.b Packet Pg. 216 Attachment: PTA - Annual Portfolio Review_2018 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2018 ©7 Economic Update: U.S. Treasury Yield Curve Source: Bloomberg Maturity 07/31/18 1M Ago 3M Ago 12M Ago 6M 2.19%2.10%2.00%1.13% 1Y 2.41%2.31%2.23%1.21% 2Y 2.67%2.51%2.49%1.35% 3Y 2.77%2.59%2.63%1.51% 5Y 2.85%2.71%2.80%1.84% 7Y 2.93%2.80%2.91%2.11% 10Y 2.96%2.84%2.95%2.29% 30Y 3.08%2.97%3.12%2.90% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 1Y 2Y 3Y 5Y 7Y 10Y 30Y U.S. Treasury Yield Curve 07/31/18 1M Ago 3M Ago 12M Ago 5.2.b Packet Pg. 217 Attachment: PTA - Annual Portfolio Review_2018 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2018 ©8 Economic Update: U.S. Treasury Yield Curve Change Source: Bloomberg Maturity 1-M Change 3-M Change 12-M Change 6M 0.09%0.19%1.06% 1Y 0.10%0.18%1.20% 2Y 0.16%0.18%1.32% 3Y 0.17%0.14%1.26% 5Y 0.13%0.05%1.01% 7Y 0.13%0.01%0.81% 10Y 0.12%0.01%0.67% 30Y 0.12%-0.04%0.18% -0.50% 0.00% 0.50% 1.00% 1.50% 6M 1Y 2Y 3Y 5Y 7Y 10Y 30Y U.S. Treasury Yield Curve Change 1-M Change 3-M Change 12-M Change 5.2.b Packet Pg. 218 Attachment: PTA - Annual Portfolio Review_2018 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2018 ©9 Economic Update: U.S. Treasury Yield Curve Slope Source: Bloomberg 1.33% 0.50% 0.17% 2.56% 0.89% 0.28% -1.0% -0.5% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 2-Year versus 5 -Year & 2-Year versus 10 -Year Treasury Spread 2-Year vs 5-Year Treasury Yield Spread 2-Year vs 10-Year Treasury Yield Spread 5.2.b Packet Pg. 219 Attachment: PTA - Annual Portfolio Review_2018 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2018 ©10 Portfolio Details: July 31, 2018 PORTFOLIO SUMMARY INFORMATION SECTOR & CREDIT QUALITY DISTRIBUTION COUPON DISTRIBUTION Total Par Value 10,422,485 Market Value 10,298,496.81 Accrued Interest 45,086.15 Total Market Value 10,343,582.96 Amortized Book Value 10,432,741.38 Net Unrealized Gain/Loss -134,244.57 Effective Maturity 1.65 Modified Duration 1.59 Average Coupon 1.845% Average Yield on Cost 1.715% Average Yield on Market 2.567% Average S&P Rating AA 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 0% - 1%1% - 2%2% - 3%3% - 4%4% - 5%5% - 6%6% - 7%$ (000)MV w/o Acc Sector (U.S.)MV w/o Acc Cash & Equivalents 102,485.36 U.S. Treasuries 6,595,367.60 Federal Agencies 960,623.25 Corporates 2,260,020.60 Municipals 380,000.00 1.0% 64.0% 9.3% 21.9% 3.7% Cash & Equivalents U.S. Treasuries Federal Agencies Corporates Municipals S&P Quality MV w/o Acc AAA 324,518.36 AA 8,884,589.00 A 1,089,389.45 Below A 0.00 3.2% 86.3% 10.6%0.0% AAA AA A Below A 5.2.b Packet Pg. 220 Attachment: PTA - Annual Portfolio Review_2018 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2018 ©11 Portfolio Details: July 31, 2018 MATURITY DISTRIBUTION DURATION AND YIELD DISTRIBUTION Maturity (Yrs)MV w/o Acc 0.00 - 0.49 482,485.36 0.50 - 0.99 769,828.75 1.00 - 1.49 3,171,789.70 1.50 - 1.99 2,441,192.50 2.00 - 2.49 1,922,263.95 2.50 - 2.99 1,510,936.55 3.00 - 3.49 0.00 3.50 - 3.99 0.00 4.00 - 4.49 0.00 4.50 - 4.99 0.00 5.00+0.00 0 500 1,000 1,500 2,000 2,500 3,000 3,500 0.00 - 0.490.50 - 0.991.00 - 1.491.50 - 1.992.00 - 2.492.50 - 2.993.00 - 3.493.50 - 3.994.00 - 4.494.50 - 4.995.00+$ (000)MV w/o Acc Mod Dur % Held (MV)YTW Mod Dur 0.00 - 0.49 4.685%0.319%0.00 0.50 - 0.99 13.489%2.425%0.86 1.00 - 1.49 26.223%2.652%1.27 1.50 - 1.99 28.591%2.744%1.77 2.00 - 2.49 20.550%2.755%2.29 2.50 - 2.99 6.462%2.761%2.58 3.00 - 3.49 3.50 - 3.99 4.00 - 4.49 4.50 - 4.99 5.00+ 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 35.00%0.00 - 0.490.50 - 0.991.00 - 1.491.50 - 1.992.00 - 2.492.50 - 2.993.00 - 3.493.50 - 3.994.00 - 4.494.50 - 4.995.00+Yield (%)Market Value Percentage (%)Modified Duration Bucket % of Market Value (Left Axis) Portfolio Yield (Right Axis) 5.2.b Packet Pg. 221 Attachment: PTA - Annual Portfolio Review_2018 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2018 ©12 Portfolio Details: July 31, 2018 PORTFOLIO HOLDINGS Purchase Original Yield Amortized Market Market Value Accrued Market Value Yield Gain/Moody's S&P Effective Modified % Market CUSIP Issuer Name Coupon Maturity Par Value Date Cost Value on Cost Book Value Price w/o Accrued Interest w/ Accrued on Market Loss Rating Rating Maturity Duration Value Cash & Equivalents 31846V203 First American Funds, Inc.1.500%07/31/18 102,485 102,485.36 1.500%102,485.36 100.000 102,485.36 42.94 102,528.30 1.500%0.00 Aaa AAAm 0.00 0.00 1.00% Total Cash & Equivalents 102,485 102,485.36 1.500%102,485.36 102,485.36 42.94 102,528.30 1.500%0.00 Aaa AAA 0.00 0.00 1.00% U.S. Treasury Bonds 912828WL0 The Treasury, United States Department of 1.500%05/31/19 625,000 07/06/16 639,306.64 0.702%629,124.45 99.265 620,406.25 1,588.11 621,994.36 2.395%-8,718.20 Aaa AA+0.83 0.82 6.02% 912828WW6 The Treasury, United States Department of 1.625%07/31/19 550,000 09/30/16 561,687.50 0.864%554,145.82 99.160 545,380.00 24.29 545,404.29 2.481%-8,765.82 Aaa AA+1.00 0.98 5.30% 912828D80 The Treasury, United States Department of 1.625%08/31/19 525,000 09/30/16 536,217.77 0.881%529,192.49 99.062 520,075.50 3,570.14 523,645.64 2.507%-9,116.99 Aaa AA+1.08 1.06 5.05% 912828F62 The Treasury, United States Department of 1.500%10/31/19 390,000 11/15/16 393,778.13 1.166%391,608.46 98.710 384,969.00 1,478.40 386,447.40 2.554%-6,639.46 Aaa AA+1.25 1.22 3.74% 912828G61 The Treasury, United States Department of 1.500%11/30/19 295,000 04/06/17 295,749.02 1.402%295,380.12 98.613 290,908.35 749.59 291,657.94 2.564%-4,471.77 Aaa AA+1.33 1.31 2.82% 912828U73 The Treasury, United States Department of 1.375%12/15/19 350,000 07/13/17 349,302.73 1.459%349,603.11 98.378 344,323.00 618.00 344,941.00 2.583%-5,280.11 Aaa AA+1.38 1.35 3.34% 912828G95 The Treasury, United States Department of 1.625%12/31/19 190,000 07/13/17 190,749.61 1.461%190,433.19 98.675 187,482.50 268.48 187,750.98 2.584%-2,950.69 Aaa AA+1.42 1.39 1.82% 912828W22 The Treasury, United States Department of 1.375%02/15/20 120,000 04/06/17 119,751.56 1.449%119,865.49 98.128 117,753.60 761.19 118,514.79 2.622%-2,111.89 Aaa AA+1.55 1.50 1.14% 912828W63 The Treasury, United States Department of 1.625%03/15/20 265,000 06/28/17 266,221.49 1.451%265,736.71 98.406 260,775.90 1,626.55 262,402.45 2.633%-4,960.81 Aaa AA+1.62 1.58 2.53% 912828J84 The Treasury, United States Department of 1.375%03/31/20 265,000 06/28/17 264,378.91 1.462%264,623.25 97.945 259,554.25 1,224.54 260,778.79 2.643%-5,069.00 Aaa AA+1.67 1.62 2.52% 912828VJ6 The Treasury, United States Department of 1.875%06/30/20 200,000 07/13/17 201,820.31 1.560%201,184.32 98.527 197,054.00 326.09 197,380.09 2.668%-4,130.32 Aaa AA+1.92 1.86 1.91% 912828VJ6 The Treasury, United States Department of 1.875%06/30/20 400,000 10/05/17 403,125.00 1.582%402,201.11 98.527 394,108.00 652.17 394,760.17 2.668%-8,093.11 Aaa AA+1.92 1.86 3.83% 912828XM7 The Treasury, United States Department of 1.625%07/31/20 265,000 09/20/17 265,766.02 1.521%265,539.32 97.949 259,564.85 11.70 259,576.55 2.685%-5,974.47 Aaa AA+2.00 1.95 2.52% 912828XM7 The Treasury, United States Department of 1.625%07/31/20 400,000 10/05/17 400,265.62 1.601%400,191.44 97.949 391,796.00 17.66 391,813.66 2.685%-8,395.44 Aaa AA+2.00 1.95 3.80% 912828VZ0 The Treasury, United States Department of 2.000%09/30/20 500,000 11/03/17 503,847.66 1.727%502,884.59 98.523 492,615.00 3,360.66 495,975.66 2.706%-10,269.59 Aaa AA+2.17 2.09 4.78% 912828A83 The Treasury, United States Department of 2.375%12/31/20 340,000 03/28/18 339,707.81 2.407%339,748.80 99.164 337,157.60 702.17 337,859.77 2.734%-2,591.20 Aaa AA+2.42 2.33 3.27% 9128283X6 The Treasury, United States Department of 2.250%02/15/21 330,000 07/30/18 325,952.35 2.752%325,961.09 98.773 325,950.90 3,425.35 329,376.25 2.753%-10.19 Aaa AA+2.55 2.43 3.17% 9128284B3 The Treasury, United States Department of 2.375%03/15/21 340,000 03/28/18 339,455.47 2.431%339,517.47 99.050 336,770.00 3,050.07 339,820.07 2.752%-2,747.47 Aaa AA+2.62 2.50 3.27% 9128284P2 The Treasury, United States Department of 2.625%05/15/21 330,000 07/30/18 328,723.83 2.769%328,726.35 99.613 328,722.90 1,836.07 330,558.97 2.769%-3.45 Aaa AA+2.79 2.66 3.19% Total U.S. Treasury Bonds 6,680,000 6,725,807.43 1.539%6,695,667.58 6,595,367.60 25,291.22 6,620,658.82 2.614%-100,299.98 Aaa AA+1.70 1.65 64.04% Federal Agency Bonds 3137EAEK1 Federal Home Loan Mortgage Corporation 1.875%11/17/20 450,000 12/08/17 448,533.00 1.989%448,851.25 98.029 441,130.50 1,734.38 442,864.88 2.767%-7,720.75 Aaa AA+2.30 2.22 4.28% 3137EAEL9 Federal Home Loan Mortgage Corporation 2.375%02/16/21 525,000 04/19/18 521,808.00 2.599%522,125.78 98.951 519,492.75 5,714.84 525,207.59 2.805%-2,633.03 Aaa AA+2.55 2.42 5.04% Total Federal Agency Bonds 975,000 970,341.00 2.317%970,977.03 960,623.25 7,449.22 968,072.47 2.788%-10,353.78 Aaa AA+2.44 2.33 9.33% Corporate Bonds 037833CE8 Apple Inc.1.550%02/08/19 150,000 02/09/17 149,886.00 1.589%149,970.01 99.615 149,422.50 1,117.29 150,539.79 2.300%-547.51 Aa1 AA+0.53 0.51 1.45% 594918BN3 Microsoft Corporation 1.100%08/08/19 75,000 08/08/16 74,922.75 1.135%74,973.46 98.582 73,936.50 396.46 74,332.96 2.517%-1,036.96 Aaa AAA 1.02 1.00 0.72% 037833CZ1 Apple Inc.1.500%09/12/19 120,000 09/12/17 119,896.80 1.544%119,942.14 98.791 118,549.20 695.00 119,244.20 2.608%-1,392.94 Aa1 AA+1.12 1.09 1.15% 375558BR3 Gilead Sciences, Inc.1.850%09/20/19 55,000 09/21/17 54,980.75 1.868%54,988.96 98.864 54,375.20 370.26 54,745.46 2.872%-613.76 A3 A 1.14 1.11 0.53% 931142DY6 Walmart Inc.1.750%10/09/19 45,000 10/20/17 44,999.10 1.751%44,999.39 98.899 44,504.55 245.00 44,749.55 2.696%-494.84 Aa2 AA 1.19 1.16 0.43% 02665WBZ3 American Honda Finance Corporation 2.000%11/13/19 125,000 11/16/17 124,930.00 2.029%124,954.55 98.800 123,500.00 541.67 124,041.67 2.958%-1,454.55 A2 A+1.29 1.25 1.20% 89236TEJ0 Toyota Motor Credit Corporation 2.200%01/10/20 190,000 01/11/18 189,830.90 2.246%189,877.28 98.891 187,892.90 243.83 188,136.73 2.991%-1,984.38 Aa3 AA-1.45 1.40 1.82% 459200JN2 International Business Machines Corporation 1.900%01/27/20 300,000 01/27/17 299,712.00 1.933%299,855.23 98.631 295,893.00 63.33 295,956.33 2.846%-3,962.23 A1 A+1.49 1.45 2.87% 594918BV5 Microsoft Corporation 1.850%02/06/20 150,000 02/06/17 149,899.50 1.873%149,948.59 98.731 148,096.50 1,348.96 149,445.46 2.711%-1,852.09 Aaa AAA 1.52 1.47 1.44% 25468PDP8 The Walt Disney Company 1.950%03/04/20 300,000 03/20/17 298,956.00 2.072%299,430.26 98.398 295,194.00 2,388.75 297,582.75 2.987%-4,236.26 A2 A+1.59 1.54 2.87% 037833CS7 Apple Inc.1.800%05/11/20 125,000 05/11/17 124,872.50 1.835%124,923.65 98.240 122,800.00 500.00 123,300.00 2.821%-2,123.65 Aa1 AA+1.78 1.73 1.19% 458140AZ3 Intel Corporation 1.850%05/11/20 250,000 05/11/17 249,905.00 1.863%249,943.10 98.212 245,530.00 1,027.78 246,557.78 2.888%-4,413.10 A1 A+1.78 1.73 2.38% 02665WCH2 American Honda Finance Corporation 3.000%06/16/20 75,000 07/16/18 74,898.75 3.074%74,900.90 99.863 74,897.25 93.75 74,991.00 3.076%-3.65 A2 A+1.88 1.81 0.73% 931142EG4 Walmart Inc.2.850%06/23/20 325,000 06/27/18 324,899.25 2.866%324,903.88 100.132 325,429.00 874.79 326,303.79 2.777%525.12 Aa2 AA 1.90 1.83 3.16% Total Corporate Bonds 2,285,000 2,282,589.30 2.061%2,283,611.41 2,260,020.60 9,906.87 2,269,927.47 2.813%-23,590.81 A1 AA-1.50 1.45 21.95% Municipal Bonds 769059XQ4 Riverside Unified School District 1.261%08/01/18 380,000 05/25/16 380,000.00 1.261%380,000.00 100.000 380,000.00 2,395.90 382,395.90 0.000%0.00 Aa2 AA-0.00 0.00 3.69% Total Municipal Bonds 380,000 380,000.00 1.261%380,000.00 380,000.00 2,395.90 382,395.90 0.000%0.00 Aa2 AA-0.00 0.00 3.69% Portfolio Totals 1.845%10,422,485 10,461,223.09 1.715%10,432,741.38 98.810 10,298,496.81 45,086.15 10,343,582.96 2.567%-134,244.57 Aa1 AA 1.65 1.59 100% 5.2.b Packet Pg. 222 Attachment: PTA - Annual Portfolio Review_2018 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2018 ©13 Portfolio Performance: July 31, 2018 Source: Bloomberg, ICE BAML, PTA calculations Notes: 1.Performance on trade-date basis, gross (i.e., before fees). 2. ICE BofA Merrill Lynch Indices provided by Bloomberg Financial Markets. 3.Includes money market fund in performance computations. 4.Returns presented for less than 12 months are presented on an unannualized periodic basis 5.Returns presented for 12 months or longer are presented on an annualized basis. 6.Since inception performance is calculated from December 1, 2012 to present. Total Return Current Prior 3 Prior 12 Year to 3-Years 5-Years 12/01/12 as of 07/31/2018 Month Months Months Date City of San Jacinto 0.06 0.46 0.09 0.24 0.50 0.66 0.62 ICE BofA Merrill 1-3 Year Treasury 0.00 0.37 -0.14 0.09 0.40 0.55 0.52 Average Annualized Returns -0.20 -0.10 0.00 0.10 0.20 0.30 0.40 0.50 0.60 0.70 Prior 3 Months Prior 12 Months Year to Date Inception City of San Jacinto ICE BofA Merrill 1-3 Year Treasury 5.2.b Packet Pg. 223 Attachment: PTA - Annual Portfolio Review_2018 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2018 ©14 Portfolio Compliance: July 31, 2018 PORTFOLIO COMPLIANCE Section Description Compliance Requirement PTA Comment IX. 2 U.S. Treasury No limitations Compliant IX. 3 Federal Agency No limitations Compliant IX. 11 LAIF 70% total portfolio limit, up to the maximum permitted balance Compliant IX. 1 Municipal Bonds Rated in 4 highest general classifications by nationally recognized rating service; 5% issuer limitation Compliant IX. 4 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. 5 Federally Insured Time Deposits Limited to amounts covered under federal insurance; 5-year maturity limit Compliant IX. 6 Time Deposits Fully collateralized per CA law, 20% limit when combined with IX. 5; Issuer must have long-term debt rated A or higher or short-term debt rated A1 or higher by 2 NRSRO's, 5-year maturity limit Compliant IX. 7 CDARS 30% limit in combination of CD's (including CDARS); 5-year maturity limit Compliant IX. 8 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 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 IX. 12 Local Government Investment Pools Riverside County Investment Fund limited to 70% of the portfolio; JPA Pools limited to 50% of the portfolio Compliant Section Description Compliance Requirement PTA Comment IX. 16 Mutual Funds Authorized by CA Government Code Section 53601 Compliant X.A.1 Futures and Options Prohibited Compliant X.A.3 Potential Zero Accruals Prohibited Compliant X.A.5 Purchases on Margin Prohibited Compliant X.A.6 Reverse Repos & Leverage Prohibited Compliant X.A.7 Foreign $ Securities Prohibited Compliant X.B.2 Single Issuer Limitation 5% issuer limitation, except U.S. Government and its agencies & enterprises Compliant X.C.2 Callable Securities 20% of total portfolio (excluding Make Whole Call securities)Compliant X.C.3 Maximum Maturity Individual security maturities limited to 5 years or less Compliant 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 CompliantIX. 13 IX. 14 Pass-Through Securities Issuer debt rated at least A by 2 NRSRO; Must be rated in the AA category by 2 NRSRO's; 20% total portfolio limit, 5-year maturity limit Compliant IX. 15 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, 10% per fund limit Compliant X.A.2 Inverse Floaters, Range Notes, and IO Strips Prohibited 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 5.2.b Packet Pg. 224 Attachment: PTA - Annual Portfolio Review_2018 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2018 ©15 Portfolio Strategy Review and Outlook Portfolio Strategy Review The City of San Jacinto’s portfolio remains invested in high credit quality securities of appropriate maturity and duration. The portfolio is invested is U.S. Treasury & Agency securities as well as high-quality corporate and taxable municipal bonds that generate a yield premium over Treasuries. As shorter-term interest rates trended higher over the year, PTA maintained portfolio duration comparatively shorter than the benchmark to mitigate interest rate risk and enhance total return. During the year, PTA favored U.S. Treasury securities over Agencies as yield spreads to duration-matched Treasury securities remained very narrow and offered little protection against possible spread widening. PTA modestly increased the allocation to the corporate sector over the year as corporate spreads widened and to take advantage of new corporate issuance. To avoid cashflow uncertainty and protect the portfolio duration from substantial and unpredictable movements, PTA continued to favor non-callable security structures. PTA continued to emphasize safety and liquidity in its management strategies and executed numerous rebalancing transactions over the year designed to maintain an appropriate risk/return profile. Please see Page 14 for portfolio return information. The Federal Reserve has raised the Federal Funds rate three times over the past 12 months and is anticipated to raise rates two additional times in the remainder of 2018. The pace of interest rate increases is likely to remain measured relative to past cycles and the ending neutral policy rate will likely be significantly lower than historical averages. Looking ahead, total returns are likely to remain low and potentially negative in the quarters ahead as short -term interest rates exhibit an upward bias and still-low yields provide little protection against market price depreciation. As interest rates trend higher, PTA will likely maintain portfolio duration modestly shorter than the benchmark to mitigate interest rate risk. As higher yields become available, PTA will review opportunities to moderately extend duration to capture the value of higher interest rates. As the credit cycle matures and credit spreads for highly rated non-governmental issuers remain narrow, PTA will remain diligent in its allocation to corporate and non -governmental bonds and review opportunities to increase that allocation should valuations become more attractive. PTA will continue to pursue prudent strategies for adding value which include opportunities that capitalize on sector spreads, yield curve value, duration rebalancing, optionality, and security swaps to generate additional earnings for the portfolio. Portfolio Strategy Outlook 5.2.b Packet Pg. 225 Attachment: PTA - Annual Portfolio Review_2018 (Investment Portfolio Review with Advisors) PUBLIC TRUST ADVISORS™ 2018 © Disclosures This presentation is for informational purposes only. 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 information presented should not be used in making any investment decisions. The presentation is not a recommendation to buy, sell, implement, or change any securities or investment strategy, function, or process. Any financial and/or investment decision should be made only after considerable research, consideration, and involvement with an experienced professional engaged for the specific purpose. All comments and discussion presented are purely based on opinion and assumptions, not fact. These assumptions may or may not be correct based on foreseen and unforeseen events. All calculations and results presented and are for discussion purposes only and should not be used for making and calculations and/or decisions. Past performance is not an indication of future performance. Any financial and/or investment decision may incur losses. Public Trust Advisors is an investment advisor registered with the Securities and Exchange Commission, and is required to maintain a written disclosure statement of our background and business experience. If you would like to receive a copy of our current disclosure statement, privacy policy, or code of ethics, please contact Service Operations at the address below. The investment advisor providing these services is Public Trust Advisors, LLC (Public Trust), 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. The information contained herein has been obtained from sources that we believe to be reliable, but its accuracy and completeness are not guaranteed. There is no guarantee that investment strategies will achieve the desired results under all market conditions, and each investor should evaluate its ability to invest long-term, especially during periods of a market downturn. This information may contain statements, estimates, or projections that constitute “forward-looking statements” as defined under U.S. federal and other jurisdictions’ securities laws. Any such forward looking statements are inherently speculative and are based on currently available information, operating plans, and projections about future events and trends. As such, they are subject to numerous risks and uncertainties. Actual results and performance may be significantly different from historical experience and our present expectations or projections. The materials in the attached are opinions of Public Trust Advisors, LLC and should not be construed as investment advice. Performance comparisons will be affected by changes in interest rates. Investment returns fluctuate due to changes in market conditions. Investing involves risk including the possible loss of principal. Information provided is from similarly managed discretionary portfolios for public entities. No assurance can be given that the performance objectives of a given strategy will be achieved. 16 5.2.b Packet Pg. 226 Attachment: PTA - Annual Portfolio Review_2018 (Investment Portfolio Review with Advisors)